Sui price has held its $3.38 support level for the third time this year, signaling strong bullish resilience in the market.
Institutional adoption has grown with Sygnum Bank adding custody, staking, and trading services for SUI to its offerings.
DeFi activity on the Sui Network reached over $1 trillion in stablecoin transfers, boosting market confidence and liquidity.
Sui has gained renewed momentum in August as its price once again bounced from a long-term ascending trendline. The token traded at approximately $3.38, marking the third time it has maintained this level in 2025. This repeated support level has fueled optimism among investors anticipating a possible bullish continuation.
Market analyst Lau has forecasted a possible Sui rally toward $7. The projection is based on historical rebounds from the same diagonal support. The first such rebound delivered a 1058 percent surge, and the second produced 122 percent gains. With the latest bounce showing a similar pattern, the next confirmation for further upside could come if Sui breaks above $4.55.
Higher Lows Strengthen Technical Structure
The weekly chart continues to reflect higher lows along the trendline, a signal that buyers remain active. According to Lau, each prior retest of this support has led to strong upward momentum. This repeated behavior supports her bullish outlook for the coming months if momentum holds.
Switzerland’s Sygnum Bank has integrated Sui into its institutional services, providing custody, staking, and trading. This move increases the network’s credibility and expands access for larger investors.
DeFi Activity Surges Past $1 Trillion
The Sui Network has seen stablecoin transfer volumes exceed $1 trillion, highlighting significant adoption and liquidity. This increased utility reflects the ecosystem’s expanding role in decentralized finance.
Despite positive developments, short-term selling pressure persists. Exchange inflows have slightly outpaced outflows, indicating continued distribution activity. However, on Binance, the long-to-short ratio has risen to 2.39, with over 70 percent of traders positioned for further gains. This strong long interest could help counterbalance selling and provide near-term price support.
