1. Current situation$SUI :
• The price is moving today around 3.37 USD, fluctuating between 3.35 – 3.57 in today's trading range.
• A recent report from CoinMarketCap indicates that the current price is approximately 3.93–4.00 USD, with a decrease of about 10% over 24 hours, and it has been ranked as the 12th source in terms of market capitalization at over 13.6 billion USD.
2. Influential news today:
• 76.27 million units of SUI were released in the market at the beginning of August, leading to a decrease of about 23% to a price of approximately 3.46 USD, which sparked controversy regarding market volatility.
• Despite this decline, some analysts believe that the movement may represent an opportunity for a rebound after a temporary price drop, supported by strong fundamentals of the network (TVL) and trading activity.
• AMINA Bank of Switzerland has launched SUI trading and custody services for institutions and users, making it the first bank to offer this globally, thereby enhancing demand and regulatory infrastructure.
3. Short-term technical analysis (today and tomorrow):
• Technical insights from FXStreet confirm that SUI has risen today by nearly 12%, with a resistance map at the 4 USD level, and an increase in TVL and Open Interest which suggests a strong potential bullish trend towards 5.36 USD if resistance is efficiently surpassed.
• A Brave New Coin analysis also indicates a breakout above 4 USD, forecasting a price target that could reach between 7 – 9 USD if demand continues, supported by technical developments and increased decentralized banking activity.
4. Predictions for tomorrow:
• CoinCodex expects the price to stabilize at 3.46 USD tomorrow, which is nearly unchanged from the current price.
• While some blog analyses suggest the possibility of moving towards the range of 3.75 – 4.20 USD within the next 24–48 hours; especially if demand rises and a breakout of the main resistance is achieved.
Influencing factors$SUI :-
• Token unlock events have created a temporary pressuring environment.
• Infrastructure growth through banking support from AMINA Bank.
• Support and resistance levels: 3.48 USD as a technical support level, and 4 USD as an important psychological resistance.
• Technical indicators: RSI around 65, positive MACD indicators, and an increase in Open Interest of about 19% ‒ all indicating potential bullish trends.
✅ Conclusion:
• If SUI maintains support above 3.40–3.48 USD and achieves a clear breakout above 4 USD, it may move towards 5.36 USD or more in the short term.
• Otherwise, trading may tighten around 3.3–3.5 USD until tomorrow, with limited rebound potential if demand supports the underlying network.
• CoinCodex's prediction for tomorrow is stability at 3.46 USD, but there are mixed forecasts indicating the possibility of starting a slight upward wave within the range of 3.75 ‑ 4.20 USD.
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