SUI has had a quiet August. After running higher in July, the token lost momentum and slipped into a range. Right now, it trades around $3.53, not far from where it started the month. Buyers are holding support, but so far they’ve struggled to spark another rally.
August Price Action
SUI hit a peak near $4.45 in late July. That move quickly faded, and by early August the price had dropped to $3.26. Bulls stepped back in and managed to push it up to $4.20, but sellers were quick to cap the move. Since then, the chart has been stuck between $3.25 support and $4.20 resistance.
This range shows the market is undecided. Each dip into the low $3.20s brings buyers, but rallies close to $4.20 keep running into profit-taking.
Volume and Open Interest
Volume has been steady, sitting around 68–74 million. It’s enough to keep trading active, but not enough to fuel a big breakout. Stronger moves usually come with heavier volume, and that hasn’t happened this month.
Open interest tells the same story. It was around 84.5 million earlier in August and has slipped slightly to 83.9 million. That drop shows traders are pulling back on leverage and waiting for clearer direction.
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Longs vs. Shorts
Net long and net short positions also explain the sideways action.
Net shorts are close to 270 million, meaning there is almost the same amount of bearish interest.
Net longs are around 275 million, showing that many traders are still betting on higher prices.
SUI Price Prediction – What to Expect in September
The short-term SUI outlook depends on which side breaks first. Holding above $3.25 keeps the range intact. If that level gives way, SUI could drift toward $3.00. On the flip side, a push above $4.20 would be a real breakout and might open the door to $4.50–$5.00.
For now, the most realistic scenario is more sideways trading between support and resistance. Without a surge in volume or a shift in market sentiment, September could look a lot like August.
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The post SUI Short-Term Price Forecast for September appeared first on CaptainAltcoin.
