- SUI continues forming higher lows, respecting bullish triangle patterns that suggest rising demand and potential breakout above the $4.30 level.
- Market cap rebounded from $10.75B to $12B within days, reflecting strong investor interest and recovery from earlier price weakness.
- SUI Group Holdings raised its holdings to over 101 million tokens, signaling continued institutional confidence and long-term accumulation.
SUI is gaining serious attention as bullish chart patterns, major institutional buys, and a Robinhood Legend listing spark momentum. With price nearing $3.40, all eyes are on a possible breakout past the $4.30 resistance.
Liquidity Sweep and Market Recovery
CryptoPulse reported a liquidity sweep below last week’s low at $3.25. Weak hands were removed, and price began to recover. This action reflects a typical accumulation phase, which could precede a sharp breakout once market structure confirms.
Market cap data between August 29 and September 4 shows a sharp recovery after a dip to $10.75 billion. The bounce to $12 billion suggests renewed buying interest. As of September 4, the market cap has stabilized around $11.8 billion, with support likely near $11.5 billion.
Volume has remained flat, indicating traders are awaiting confirmation. A strong push above resistance is expected to attract renewed interest.
Technical Structure Supports Bullish Bias
SUI continues to respect bullish market structures across multiple timeframes. On the weekly chart, CryptoBullet1 noted the formation of an Ascending Triangle, defined by higher lows and a flat resistance near $4.30. This pattern signals rising demand and is often viewed as a continuation setup.
Short-term action on the 4-hour chart shows SUI forming higher lows while facing resistance at $3.35–$3.40.Momentum indicators hint at early bullish intent. The MACD is holding above the signal line,the RSI hovering around 51 shows neither side is in control just yet. If SUI pushes above $3.40, it could give bulls the green light.
Institutional Accumulation and Retail Expansion
SUI Group Holdings, a Nasdaq-listed firm, increased its SUI holdings to over 101.7 million tokens, now worth over $344 million. This institutional-level accumulation reflects rising confidence in the asset.
Meanwhile, Robinhood has added SUI to its new Robinhood Legend platform, expanding access to retail traders in the United States. Transaction fees remain competitively low at just $0.00799, further increasing SUI’s appeal compared to alternatives like Ethereum.
Social sentiment, volume trends, and robust fundamentals suggest rising interest in the asset. However, the next move hinges on whether SUI can overcome the $4.30 resistance.
