SUI Surges 9% on New Listing Targets $4.46–$4.50 Resistance Zone

The SUI token has recently demonstrated strong technical momentum, with key bullish signals emerging from its price action and volume dynamics. After completing a critical retest of former support levels, SUI has turned previous resistance into newfound support, reinforcing the case for a potential upward move. Analysts are closely watching whether this momentum can hold, as it could propel the price toward $7 in the longer term [1].

Currently, SUI is trading near $3.93, having recently surged to $4.18—marking a 9% increase driven by a new exchange listing. This move indicates renewed buyer interest, especially with the price consolidating around the crucial $4 resistance level. Historically, this level has been difficult to break, but if SUI can push through with strong volume, the next immediate targets lie between $4.46 and $4.50. This price range is home to nearly 175 billion leveraged positions, making it a pivotal zone for traders [1].

Technical indicators also support the bullish trend. The Relative Strength Index (RSI) remains within a healthy range, suggesting there is still room for upward movement before the asset becomes overbought. Moreover, the moving averages have aligned in a bullish configuration, reinforcing the strength of the trend [1]. Analyst Ali noted that these developments are encouraging for bulls, as they signal that the price may have more upside potential before facing significant selling pressure [1].

The DeFi ecosystem has played a crucial role in SUI’s recent strength. According to data from the defiLlama platform, the Total Value Locked (TVL) on the SUI Network reached an all-time high of $2.29 billion in late July, before slightly retracing to $2.159 billion. As more capital flows into the network, demand for SUI tokens is expected to increase, further supporting its price [1].

Institutional interest is also on the rise. On August 12, Grayscale announced two new products built exclusively on the SUI blockchain, signaling increased trust from institutional investors. This development, coupled with Alkimi’s decision to move its on-chain advertising platform to the SUI Network, highlights the growing adoption and diverse use cases of the token [1].

Market accessibility has also improved, with SUI recently listed on the Japanese exchange Bitbank as a SUI/JPY trading pair. This listing is expected to enhance liquidity and attract new investors from one of Asia’s most active trading markets [1].

However, risks remain. If SUI fails to break through the $4 resistance level, the price could face a pullback toward $3.30 or even $3.00. Traders are advised to monitor the broader market trends and adjust strategies accordingly [1].

Community sentiment remains largely bullish, with many traders setting high price targets based on the token’s strong technical foundation, growing institutional backing, and expanding ecosystem. Despite the risks, the combination of rising trading volume, bullish indicators, and positive fundamental developments suggests that SUI is well-positioned for further upside [1].

If the current momentum continues and SUI successfully breaks above $4 on strong volume, the next key targets will be $4.46 to $4.50 in the short term and potentially $7 in the longer term. This would mark a significant milestone for the token and could drive further adoption and investor interest [1].

Source:

[1] SUI Price Analysis: Bullish Signals Point to $7 If Momentum Holds – [https://thebitjournal.com/sui-price-analysis-bullish-signals-point-to-7/](https://thebitjournal.com/sui-price-analysis-bullish-signals-point-to-7/)