Current situation – today (August 21, 2025) $SUI :-
• Current price: around 3.51 USD, slightly up compared to the previous close.
• Daily range:
• Highest price: ~3.58 USD
• Lowest price: ~3.40 USD.
Technical developments and technical analysis:
1. Ascending triangle pattern: shows an upward formation (Ascending Triangle), with strong support at ~3.30 USD and resistance at ~4.20 USD.
• This pattern usually accompanies strong upward moves if broken upwards.
2. Potential profit targets:
• Some analyses suggest a potential price increase towards 5.40 USD, 6.01 USD, and even 7.15 USD in the event of a strong breakout from the pattern.
• Another analysis links the upward pattern to a possible movement towards ~5.50 USD if the resistance at ~4.50 USD is broken, with a positive trend supported by the currency's listing on the Robinhood platform.
Key fundamental events affecting today:
• Listing of SUI on Robinhood on August 19, 2025:
• Led to an initial rise (~1.7%) then later a decline (~5.5%) to around 3.57 USD.
• This temporary bubble shows cautious volatility from traders despite the theoretical benefit from the listing.
• Expansion of institutional access through Swiss Bank Sygnum:
• The bank now offers trading services for SUI holders in addition to Lombard guarantees, enhancing liquidity and reliability within the institutional sector.
• Increased institutional interest and related catalysts:
• Grayscale launching investment funds linked to two protocols in the Sui system, DeepBook and Walrus, where the total value locked (TVL) in the Sui network surpassed 2.2 billion dollars after peaking at 2.3 billion dollars.
Expectations – tomorrow (August 22, 2025) $SUI :-
• According to CoinLore forecasts, the expected price for tomorrow is 3.55 USD, representing a slight increase (~1.14%) from the current price.
• According to Traders Union forecasts, the price could drop by 4.53% over 48 hours to around 3.3457 USD.
Summary of technical expectations:-
1- Positive, breaking the resistance ~4.20–4.50 USD could push the price towards 5.5–7 USD.
2- Neutral/technical, price stability between 3.40 and 3.60 USD—consistent with moving averages or postponing movement.
3- Negative, decline towards 3.35 USD if technical support fails at the ascending triangle line (~3.30 USD).
Summary:
• Today: the currency shows a positive technical pattern (ascending triangle), supported by the Robinhood listing and expansion of institutional access, but it faces strong volatility.
• Tomorrow: expectations are mixed—price may rise slightly to ~3.55 USD or drop below 3.35 USD depending on market reaction to the technical model.
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$SUI
