SUI Holdings突破 1 億枚！價格或迎 falling wedge 突破，目標劍指 4.44 美元

Sui (SUI) oscillated around $3.34 on September 4, with a technical pattern showing a falling wedge, suggesting potential bullish breakout opportunities. At the same time, SUI Group Holdings Limited (SUIG) announced an increase of 20 million tokens to its treasury, bringing the total holdings to over 100 million coins and a market capitalization of over $300 million. On-chain data shows that Sui network's volume reached a new high since April, coupled with the launch of the second phase of tBTC, injecting new momentum into the Bitcoin DeFi ecosystem, with market bullish sentiment gradually warming up.

SUI Group makes a significant increase in holdings, treasury scale reaches a new high

As the only publicly listed company with an official partnership with the Sui Foundation, SUI Group announced this week the issuance of an additional 20 million SUI to its treasury, bringing the total holdings to over 100 million, valued at over 300 million dollars based on current prices.

Stephen Mackintosh, Chief Investment Officer of SUI Group, stated that the company will continue to seek capital raising opportunities to acquire locked SUI at a discount price, further enhancing the asset value per share. This move not only demonstrates institutional confidence in the long-term value of SUI but also reduces the market circulation supply to a certain extent, providing support for the price.

On-chain data shows network activity has rebounded

(Source: Artemis)

According to Artemis Terminal data, Sui's trading volume reached 47.9 million USD in the last week of August, setting the highest record since April, indicating a significant rebound in user engagement and network activity.

In addition, Threshold Network announced the launch of the second phase of tBTC, further promoting the integration of Bitcoin and the Sui ecosystem. In the first phase, tBTC accounted for 20% of the total locked value (TVL) on Sui and supplied $10 million in assets on Alphalend, with new liquidity exceeding $2.8 million. The advancement of the second phase is expected to bring a new round of growth to cross-chain Decentralized Finance activities.

SUI Technical Analysis: Is a falling wedge breakout imminent?

(Source: Trading View)

Since mid-July, the SUI price has been fluctuating within a falling wedge pattern, currently finding support at the 50% Fibonacci retracement level of $3.08, and has rebounded approximately 6% in two days, now reported at $3.34.

If the price breaks through the upper boundary of the wedge and stabilizes above the resistance level of 3.65 USD, SUI is expected to continue its bullish momentum, challenging the high of 4.44 USD on July 28.

In terms of technical indicators, the RSI is at 44, close to the neutral zone, indicating that bearish pressure is weakening; the MACD lines are gradually converging, and the red histogram is shortening, suggesting that a bullish crossover may occur in the short term.

Downward Risks and Support Range

If SUI fails to break through the resistance at $3.65 and experiences a pullback, $3.08 will become a key support level. A drop below this level may trigger more selling pressure, causing the price to retest previous lows.

Therefore, short-term traders can focus on the two key levels of $3.65 and $3.08, while medium to long-term investors can pay attention to the support role of treasury accumulation and Decentralized Finance ecosystem expansion on the fundamentals of SUI.

Conclusion

The treasury holdings of the SUI group have surpassed 100 million coins, coupled with a rebound in on-chain trading volume and the launch of tBTC phase two, injecting multiple positive factors into the SUI price. The technical analysis shows that the falling wedge pattern is approaching a critical breakout point; if it successfully stands above 3.65 USD, the next target could directly aim for the high of 4.44 USD. Investors should closely monitor technical breakouts and changes in on-chain data to position themselves ahead of potential market movements.