Sui (SUI) has once again become the market focus recently, with its price technical pattern indicating a bullish breakout is imminent. At the same time, the massive holdings of institutional investors such as NASDAQ-listed companies have further strengthened market confidence. This article will start with the technical analysis of SUI Token on the weekly and 4-hour charts, combined with the latest fundamentals such as SUI Group Holdings increasing its holdings to over 101.7 million tokens, to deeply analyze the future price trend of SUI and discuss the possibility of reaching the $10 target, providing a reference for crypto assets investors.
SUI Technical Analysis: The Weekly Chart Reveals an Ascending Triangle, Key Resistance Level Becomes the Focus of Bullish and Bearish Struggle
From the weekly chart, the SUI price has successfully formed a classic ascending triangle bullish pattern, and has repeatedly stabilized and rebounded above the key support level of $3.10. Each rebound from the support level has intensified the pressure on the important resistance level of $4.30, which remains the key threshold for whether the price can open up upward space.
According to a well-known analyst's opinion on the X platform, once SUI successfully breaks through the resistance level of $4.30, it may trigger a strong rally towards the target of $10, which aligns with the theoretical measurement target of the ascending triangle. This pattern reflects that the market is continuously absorbing selling pressure, with each price decline forming a bullish green weekly K-line. Bulls seem willing to decisively enter the market during each pullback, continuously consolidating the price foundation. If $4.30 is ultimately overcome effectively, the liquidity above will become thin, and the price structure supports a rapid surge.
On the 4-hour short-term chart, the technical structure has been further strengthened. The SUI price successfully broke through a descending wedge pattern and performed a successful retest of the upper boundary around $3.25. This retest provides a clear confirmation signal, turning this level into a new support level and laying the foundation for the next rise.
This breakout opens the path for prices to the key short-term range of $3.50 to $3.80. In addition, the Parabolic SAR indicator has now shifted below the candlestick lines, and the MACD indicator line has also crossed into positive territory, both of which add weight to its bullish outlook. Of course, it is crucial to maintain above the breakout point of $3.18; if this level is lost, it would weaken the current bullish structure. With the confirmation of the wedge breakout retest and the improvement of technical indicators, the price structure currently clearly leans towards the continuation of a bullish trend.
Institutional Confidence Soars: Nasdaq-listed Company SUI Group Holdings Significantly Increases Holdings
On the fundamentals, massive institutional buying has provided solid support for the SUI price. The Nasdaq-listed company SUI Group Holdings (formerly Mill City Ventures) has recently increased its holdings by an additional 20 million SUI tokens. This move brings its total holdings to over 101.7 million tokens, valued at nearly 344 million dollars at current prices.
This operation reflects the deep belief and long-term confidence of institutions in the SUI ecosystem. Few listed companies would expand their Crypto Assets risk exposure on this scale without a long-term bullish outlook. This purchase also reduces the available circulating supply within the exchange, reinforcing the market supply tightening situation reflected in the charts. The heavyweight participation of institutions not only greatly enhances the credibility and reputation of the SUI network but also extends its influence into traditional financial circles. Retail investor interest may fluctuate, but the sustained accumulation at the enterprise level provides a strong anchoring effect for SUI demand. Through these actions, SUI is increasingly becoming recognized as a strategically valuable asset rather than merely a speculative tool.
Ecosystem Expansion: Renowned Institutional Collaborations Propel SUI Blockchain Technology Adoption
As reported earlier by CoinGape, Swiss crypto bank Sygnum has committed to providing institutional-grade custody and banking services for SUI, while Galaxy Digital has also partnered with Mill City Ventures to manage its $450 million treasury assets. These collaborations highlight the rapidly expanding institutional service framework and robust infrastructure surrounding the SUI Token. The actions of these companies emphasize a strategic long-term vision for the adoption and application of SUI blockchain technology.
Future Outlook
Overall, the SUI price has confirmed its strength on both the weekly and short-term technical charts, with a bullish technical pattern and strong institutional backing forming a synergy. The resistance level at $4.30 remains a key level determining future trends, and an effective breakthrough of this position will open up space for higher price targets. With analysts calling for a target price of $10 and NASDAQ-listed companies continuously expanding their holdings, the reasons for the SUI price to continue its upward trend become more compelling. Current multiple pieces of evidence firmly point towards a breakout direction, indicating that SUI may be preparing for its next significant upward rally. For investors closely monitoring crypto assets investment opportunities and blockchain technology applications, SUI is undoubtedly a key object of focus.
Conclusion
The crypto assets market is highly volatile, and investors must conduct their own in-depth research (DYOR) and fully understand the associated risks before making any investment decisions. The content of this article is for informational reference only and does not constitute any investment advice. Please closely monitor the breakthrough of the key resistance level at $4.30 and the overall sentiment changes in the crypto assets market, as these factors will significantly impact whether the SUI price can achieve the $10 target.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
SUI Price Prediction: Driven by Technical Patterns and Institutional Large Holdings, Can It Target the $10 Mark After Breaking $4.3?
Sui (SUI) has once again become the market focus recently, with its price technical pattern indicating a bullish breakout is imminent. At the same time, the massive holdings of institutional investors such as NASDAQ-listed companies have further strengthened market confidence. This article will start with the technical analysis of SUI Token on the weekly and 4-hour charts, combined with the latest fundamentals such as SUI Group Holdings increasing its holdings to over 101.7 million tokens, to deeply analyze the future price trend of SUI and discuss the possibility of reaching the $10 target, providing a reference for crypto assets investors.
SUI Technical Analysis: The Weekly Chart Reveals an Ascending Triangle, Key Resistance Level Becomes the Focus of Bullish and Bearish Struggle
From the weekly chart, the SUI price has successfully formed a classic ascending triangle bullish pattern, and has repeatedly stabilized and rebounded above the key support level of $3.10. Each rebound from the support level has intensified the pressure on the important resistance level of $4.30, which remains the key threshold for whether the price can open up upward space.
According to a well-known analyst's opinion on the X platform, once SUI successfully breaks through the resistance level of $4.30, it may trigger a strong rally towards the target of $10, which aligns with the theoretical measurement target of the ascending triangle. This pattern reflects that the market is continuously absorbing selling pressure, with each price decline forming a bullish green weekly K-line. Bulls seem willing to decisively enter the market during each pullback, continuously consolidating the price foundation. If $4.30 is ultimately overcome effectively, the liquidity above will become thin, and the price structure supports a rapid surge.
4-hour Short-term Structure Strengthens: Descending Wedge Breakthrough Completed, Indicators Support Bullish Continuation
(Source: TradingView)
On the 4-hour short-term chart, the technical structure has been further strengthened. The SUI price successfully broke through a descending wedge pattern and performed a successful retest of the upper boundary around $3.25. This retest provides a clear confirmation signal, turning this level into a new support level and laying the foundation for the next rise.
This breakout opens the path for prices to the key short-term range of $3.50 to $3.80. In addition, the Parabolic SAR indicator has now shifted below the candlestick lines, and the MACD indicator line has also crossed into positive territory, both of which add weight to its bullish outlook. Of course, it is crucial to maintain above the breakout point of $3.18; if this level is lost, it would weaken the current bullish structure. With the confirmation of the wedge breakout retest and the improvement of technical indicators, the price structure currently clearly leans towards the continuation of a bullish trend.
Institutional Confidence Soars: Nasdaq-listed Company SUI Group Holdings Significantly Increases Holdings
On the fundamentals, massive institutional buying has provided solid support for the SUI price. The Nasdaq-listed company SUI Group Holdings (formerly Mill City Ventures) has recently increased its holdings by an additional 20 million SUI tokens. This move brings its total holdings to over 101.7 million tokens, valued at nearly 344 million dollars at current prices.
This operation reflects the deep belief and long-term confidence of institutions in the SUI ecosystem. Few listed companies would expand their Crypto Assets risk exposure on this scale without a long-term bullish outlook. This purchase also reduces the available circulating supply within the exchange, reinforcing the market supply tightening situation reflected in the charts. The heavyweight participation of institutions not only greatly enhances the credibility and reputation of the SUI network but also extends its influence into traditional financial circles. Retail investor interest may fluctuate, but the sustained accumulation at the enterprise level provides a strong anchoring effect for SUI demand. Through these actions, SUI is increasingly becoming recognized as a strategically valuable asset rather than merely a speculative tool.
Ecosystem Expansion: Renowned Institutional Collaborations Propel SUI Blockchain Technology Adoption
As reported earlier by CoinGape, Swiss crypto bank Sygnum has committed to providing institutional-grade custody and banking services for SUI, while Galaxy Digital has also partnered with Mill City Ventures to manage its $450 million treasury assets. These collaborations highlight the rapidly expanding institutional service framework and robust infrastructure surrounding the SUI Token. The actions of these companies emphasize a strategic long-term vision for the adoption and application of SUI blockchain technology.
Future Outlook
Overall, the SUI price has confirmed its strength on both the weekly and short-term technical charts, with a bullish technical pattern and strong institutional backing forming a synergy. The resistance level at $4.30 remains a key level determining future trends, and an effective breakthrough of this position will open up space for higher price targets. With analysts calling for a target price of $10 and NASDAQ-listed companies continuously expanding their holdings, the reasons for the SUI price to continue its upward trend become more compelling. Current multiple pieces of evidence firmly point towards a breakout direction, indicating that SUI may be preparing for its next significant upward rally. For investors closely monitoring crypto assets investment opportunities and blockchain technology applications, SUI is undoubtedly a key object of focus.
Conclusion
The crypto assets market is highly volatile, and investors must conduct their own in-depth research (DYOR) and fully understand the associated risks before making any investment decisions. The content of this article is for informational reference only and does not constitute any investment advice. Please closely monitor the breakthrough of the key resistance level at $4.30 and the overall sentiment changes in the crypto assets market, as these factors will significantly impact whether the SUI price can achieve the $10 target.