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Sui Holds $3.50 Support as Swiss-Regulated Custody and Technical Signals Point to Breakout

Switzerland’s AMINA Bank has become the first regulated custodian for Sui ahead of a key technical retest at $3.50

SUI gets swiss banking backing — why 1.28M new users could spark a run to $5
Sui
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Overview

  • A $162 million token unlock on August 1 triggered selling pressure that, coupled with Bitcoin’s dominance rising to 61.4%, pushed SUI nearly 5% lower before it stabilized just above $3.50.
  • Decentralized exchanges on Sui recorded a record $1.4 billion in July trading volume while total value locked remains near $2 billion, reflecting sustained network engagement.
  • Mill City Ventures completed a $450 million private placement to establish a dedicated SUI treasury strategy and Switzerland’s AMINA Bank became the first regulated institution to support Sui trading and custody on August 5.
  • The token recently broke out of a long-term symmetrical triangle and retested its VWAP at the $3.50 level, forming a classic bullish confirmation pattern.
  • Social dominance peaked at 2.2%, retail long positions rose to 68.3% on Binance and liquidation levels clustered near current prices, creating a setup for a potential short squeeze.