Chart: https://www.gate.com/trade/SUI_USDT
As of August 7, 2025, SUI_USDT is trading at approximately $3.50, with a 24-hour trading volume of $16.0M and a market cap around $12.31B. The daily gain stands at +3.23%, while the 7-day loss is about −7.85%. Over the past 30 days, the price rose approximately +22.05%. The yearly surge is nearing +483%. Data from multiple platforms show the current trading range fluctuates between $3.48 and $3.51.
Recently, SUI formed a double bottom pattern near $3.32, with both MACD and RSI signaling that bullish momentum is building. Technical analysis sources suggest that SUI could face a short-term correction to $2.68, representing a drop of around 23%. However, some analysts see the current level as a critical support zone, presenting an opportunity for a “healthy correction” and the potential for a 40% rebound up to the $5 mark.
Swiss-based AMINA Bank AG has launched compliant SUI custody and trading services, giving institutions and high-net-worth individuals a secure way to participate in SUI markets. This launch is expected to boost institutional liquidity and market confidence. Additionally, Mill City Ventures invested $450 million in SUI through private funding. This investment strengthens the protocol’s long-term ecosystem treasury.
On August 1, SUI underwent its largest monthly unlock, releasing $167–210M in tokens. This event created significant selling pressure, leading to a short-term price drop of over 5%. Although volatility spiked in the aftermath, many analysts believe that if SUI’s support level remains intact, this move could simply be a technical correction—this event may present a buying opportunity for long-term investors.
Market analyst Michael van de Poppe described the latest sell-off as a “healthy correction,” highlighting the potential for the current support zone to spark a rebound. If SUI breaks above $3.60 or holds above key resistance, the next target could be $5 or even higher.