Overview

• SUI is trading in the mid‑$3s as it retests the ascending triangle’s rising support around $3.10–$3.30 after a sharp pullback.
• If the support holds, analysts cite upside targets near $4.00 and $4.50; a confirmed breakdown points to the $2.40–$2.90 area.
• Weekly performance has softened, with price down about 18% as spot volume jumped roughly 46%, futures volume rose 23%, and open interest slipped 4.4%, signaling caution.
• Short positions of nearly $31 million have been added and broader crypto weakness, including Ethereum’s drop to an eight‑week low, has pressured sentiment.
• Potential catalysts include spot ETF filings by Canary Capital, 21Shares and Nasdaq under regulatory review, alongside new partnerships like t’order, CUDIS Wellness and Google AI that broaden Sui’s real‑world and developer footprint.