SUI is approaching the breakout threshold of the symmetrical triangle after several months of accumulation, with upward momentum bolstered by strong buying activity and liquidation of short positions.
The rapid growth of the SUI network with over 225 million accounts, along with the increase in Open Interest and buying pressure in the derivatives market, indicates a strong breakout potential at prices above $3.5.
MAIN CONTENT
SUI is forming a symmetrical triangle pattern ready for breakout.
Open Interest increased by 12.67%, indicating participation and high volatility expectations from derivatives traders.
The strong liquidation of short positions creates positive momentum for the upward trend.
Is the buying pressure from the futures market increasing to confirm the breakout?
Analyzing 90-day Futures Taker CVD data shows that investors frequently execute more buy orders than sell orders, creating a clear dominance on the buying side. This not only indicates high confidence but also reinforces the hypothesis that SUI is about to break out of the symmetrical triangle.
Intense buying pressure in derivatives often provides a solid foundation for price breakout trends, especially when trading volume and prices move upward together.
John Mayer, CryptoQuant Market Analysis Director, 06/2025
The dominance of buyers also helps prevent short-term price drop tests, increasing the likelihood of stable price support in the accumulation zone.
Will the growth of Open Interest drive SUI's price volatility higher?
Open Interest is currently up 12.67%, reaching $1.59 billion, reflecting active participation and anticipation of significant volatility in the near future. This is a sign that the market is excited, preparing for a strong movement at the triangle region.
The combination of increasing Open Interest and overwhelming buying pressure further reinforces the likelihood that SUI will continue its upward trend. However, risks remain if the trend is not maintained, as leveraged positions may face significant liquidation pressure.
Source: CoinGlass
How is the liquidation of short positions progressing?
The liquidation of short positions reached nearly $1.27 million, double the $641.92 thousand of liquidated long positions, concentrated on major exchanges like Binance and Bybit. This move shows that bearish investors are under significant pressure as the price of SUI climbs.
Liquidating short positions is often associated with long candles with long wicks, which contributes to pushing the price higher and igniting the upward trend.
Anna Liu, CoinGlass Market Data Analyst, 07/2025
These liquidations add fuel to the rally, increasing the likelihood that SUI will continue to rise if short positions keep getting liquidated.
Will SUI maintain the breakout above the $3.5 price level?
With the narrowing price structure, overwhelming buying pressure, strong Open Interest increase, and rising short position liquidations, SUI has all the signals to convincingly break through the upper boundary of the triangle.
A solid closing above $3.5 will be clear evidence of a positive shift in price trend, thereby attracting more capital and elevating the market to new heights.
Conversely, if it cannot hold above this level, SUI may face strong selling pressure again, weakening the upward trend.
Comparison of volatility and market signals of SUI
Factors Characteristics Impacting SUI Price Price Model Symmetrical Triangle Narrowing Open Interest Increased by 12.67% to $1.59 billion Indicates expectations of volatility and significant investment Liquidation of Positions Strong increase in short positions ($1.27 million) Creates pressure on sellers, pushing the price up Buying Pressure in Derivatives Dominant buy orders 90 days Strengthening the upward price trend
Frequently Asked Questions
1. What is SUI and why is it important in the cryptocurrency market? SUI is a token built on a new Blockchain network with rapid account growth, demonstrating significant appeal and growth potential in the cryptocurrency ecosystem. 2. What does increasing Open Interest mean for SUI's price? An increase in Open Interest indicates capital flow into the market, with expectations of strong price volatility, often appearing before major breakouts or corrections. 3. How does the liquidation of short positions affect price trends? Liquidating short positions creates upward price pressure when sell orders are forced to close, reducing selling pressure and helping maintain or push prices upward. 4. What role does the $3.5 price level play in analyzing SUI's trend? The $3.5 price is an important resistance level in the triangle model, maintaining above this level will confirm an upward trend and avoid the risk of a fakeout. 5. What factors could prevent SUI from breaking out? A lack of sustainable buying pressure, renewed selling pressure, or broader market factors could prevent SUI from maintaining the breakout price level.
Source: https://tintucbitcoin.com/sui-vuot-35-usd-bo-tro-lai/
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