SUI Trapped in $3.25-$4.20 Range as Market Awaits Breakout Catalyst

SUI’s short-term price forecast for September remains within a consolidation pattern, with the token failing to sustain the upward momentum observed in July. After reaching a peak of $4.45 in late July, the price retreated and spent much of August fluctuating between $3.25 and $4.20. Despite temporary rebounds, such as a move back to $4.20 in early August, the price has yet to break through key resistance levels. By the end of the month, SUI was trading near $3.53, nearly unchanged from where it began, indicating a lack of strong bullish or bearish momentum [1].

The price action in August reveals a market in balance. Every decline into the $3.20s has drawn buyers, but rallies near $4.20 have repeatedly met resistance, with profit-taking limiting further gains. This pattern suggests that neither bulls nor bears have gained a decisive advantage, and the token has remained in a defined range [1]. Volume metrics reflect this indecision, with trading volume averaging between 68–74 million and failing to spike despite several attempts at movement. Open interest has also slightly declined, from 84.5 million to 83.9 million, signaling that traders are reducing leveraged positions and awaiting a clearer direction [1].

Position data further highlights the market’s neutrality. Net short positions are approximately 270 million, while net longs stand at 275 million, showing that bearish and bullish traders are nearly equally positioned. This balance supports the idea that market participants are in a holding pattern, waiting for a decisive catalyst [1]. Analysts suggest that a significant breakout—either above $4.20 or below $3.25—would be necessary to shift the narrative. A move beyond $4.20 could open the door to $4.50–$5.00, while a breakdown below $3.25 could push the price toward $3.00 [1].

Looking ahead, the most realistic scenario for September is continued consolidation. Without a surge in volume or a major shift in sentiment, the price is expected to remain between its current support and resistance levels, mirroring the indecisive pattern seen in August. Analysts also note the possibility of a breakout above $5.37 if SUI manages to escape its consolidation phase, though this would require a strong volume increase and a change in market psychology [4].

Longer-term forecasts, though not focused on the September outlook, remain optimistic. Some projections suggest SUI could reach $5.68 by the end of 2025, with an average price of $8.07 anticipated by 2030 [1][2]. These longer-term expectations highlight broader bullish sentiment but are not relevant to the immediate price action in September.

Source:

[1] SUI Short-Term Price Forecast for September (https://captainaltcoin.com/sui-short-term-price-forecast-for-september/)

[2] Sui (SUI) Price Prediction 2025 2026 2027 - 2030 (https://changelly.com/blog/sui-sui-price-prediction/)

[4] SUI Price Builds Ascending Triangle as Analysts Project (https://coinpedia.org/price-analysis/sui-price-builds-ascending-triangle-as-analysts-project-price-discovery-above-ath/)