Overview

• SUI trades near the $3.10–$3.30 support band after an ~8% single‑day drop and more than a 20% weekly decline, retesting multi‑month range lows.
• Analysts flag a higher‑timeframe ascending triangle, with upside objectives around $4.00 to $4.50 if the support holds and resistance breaks.
• Failure to hold the floor could invalidate the setup and prompt a deeper move toward roughly $2.40–$2.90, according to multiple market watchers.
• Spot activity rose about 46% to $1.66B and futures volume climbed 23% to $7.48B, while open interest fell 4.4%, pointing to heavier trading with position reduction.
• New partnerships with t’order and CUDIS plus a Google AI payments collaboration bolster long‑term narratives, as spot SUI ETF proposals from 21Shares, Canary and Nasdaq remain under review.