SUI News Today: Institutional Bet & SEC Review Signal Green Light for SUI's Bull Run

Sui's (SUI) price has ignited a bullish resurgence as key technical and institutional developments align to signal a potential breakout. After a 4% decline in the past 24 hours amid heavy selling pressure and long liquidations, the token has stabilized above critical support levels, drawing attention from both retail and institutional investors. Derivatives data showed open interest dropping 15% to $1.79 billion, while funding rates for leveraged positions plummeted to 0.0083%, the lowest since July, indicating waning bearish momentum.

Technical analysts highlight a falling wedge pattern on SUI's price chart, suggesting a potential bullish breakout if the $3.52 resistance level is breached. The token's price has consolidated near $3.20, with increasing volume-surpassing 600 billion total token swaps-pointing to growing ecosystem adoption. Meanwhile, on-chain metrics show SUI's total value locked (TVL) rebounding to $1.68 billion after a DEX exploit in May, reinforcing confidence in the network's resilience.

Institutional interest is accelerating, with Swiss banks Sygnum and Amina Bank expanding SUI-related custody and trading services, and Nasdaq-listed Mill City Ventures committing $450 million to SUI through a private placement. The most significant catalyst, however, is the SEC's formal review of the first spot SUI ETF application by Canary Capital. If approved, this could unlock billions in institutional capital, mirroring the influx seen during Ethereum and Bitcoin ETF launches.

Market sentiment remains cautiously optimistic. While SUI's 24-hour trading volume surged 25.82% to $1.16 billion, reflecting heightened participation, analysts warn of $25 million in short liquidations that could trigger volatility if the price reaches $4.35. Whale activity also suggests bullish positioning, with the Retail vs Whale Delta metric showing large holders accumulating SUI despite broader market caution.

The path forward hinges on key resistance levels. A breakout above $3.60–$3.75 could propel SUI toward $4.10, with some analysts projecting a test of the 2025 all-time high near $6.00. Conversely, a drop below $3.00 may extend the decline to $2.80. Macro factors, including the U.S. Federal Reserve's policy direction and October ETF approval deadlines, will further shape SUI's trajectory.

As the crypto market braces for a "selective altseason," SUI's blend of technical strength, institutional adoption, and regulatory progress positions it as a top contender for outperformance.

Source: [1] Sui Price Falls 4% as Heavy Selling Pressure and Long ... (https://www.coindesk.com/markets/2025/08/11/sui-price-falls-4-as-heavy-selling-pressure-and-long-liquidations-hit-market)

[2] SUI Price Hangs In The Balance As $1.6 Support Level Faces ... (https://chainaffairs.com/sui-price-hangs-in-the-balance-as-1-6-support-level-faces-potential-liquidation-risk-amid-speculator-and-whale-interest/)

[3] SUI Price Analysis: Falling Wedge Pattern Signals ... (https://themarketperiodical.com/2025/09/03/sui-price-analysis-falling-wedge-pattern-signals-potential-bullish-breakout/)

[4] Sui Holds the Line After Wild Swings, Eyes a Comeback (https://blocknews.com/sui-holds-the-line-after-wild-swings-eyes-a-comeback/)

[5] SUI Price Could Trigger a $25 Million Liquidation (https://beincrypto.com/sui-price-rally-could-trigger-major-liquidation/)

[6] XRP vs. SUI: Analyzing the Altcoin Showdown of Q2 2025 (https://www.cryptowatchnews.com/altcoins/xrp-vs-sui-analyzing-the-altcoin-showdown-of-q2-2025-1206)

[7] Watch out for these 5 altcoins as 'Selective Altseason' Starts (https://coinedition.com/xrp-sol-sei-hbar-sui-selective-altseason-5-altcoins-to-watch/)

[8] SUI ETF Approval Could Send Prices to All-Time High (https://thecurrencyanalytics.com/altcoins/sui-etf-progress-ignites-investor-optimism-as-august-price-rally-predicted-186919)

[9] Dogecoin, XRP, SUI ETFs Incoming? Crypto ETF Boom ... (https://cryptonews.com/news/dogecoin-xrp-sui-etfs-incoming-october-could-spark-next-crypto-etf-boom/)

[10] SUI Token Holds Strong Above $2.70 as Volume Surges and Bulls ... (https://www.xt.com/en/blog/post/sui-token-holds-strong-above-2-70-as-volume-surges-and-bulls-eye-4-50)