SUI price eyes gains, but $3.50 resistance holds firm despite strong fundamentals, growing adoption, and rising on-chain activity.
With on-chain activity accelerating and macro-level advancements taking place, SUI is in a critical technological zone.
SUI is in a crucial technical area as the macro develops and on-chain activity increases.
SUI price has retraced from a recent high of $5.25 and is consolidating just below $3.50.
The volume-weighted average price (VWAP), which is currently serving as short-term resistance, is at this level.
The increasing network activity and recent institutional involvement might provide further context for determining if this zone will be regained shortly.
SUI Price Structure Is Defined By $500M Treasury Funding, AMINA Bank Integration, On-Chain Signals
The company’s intrinsic power has seen a tremendous upswing with a historic merger with Swiss-based AMINA Bank, the first regulated bank to provide SUI tokens’ custody and trading services.
This milestone gives the project great credibility in the traditional financial sectors and opens the door for compliance institutional cooperation.
Additionally, Mill City Ventures secured half a billion dollars in Treasury funding to support SUI’s expansion into new sectors, scalability, and long-term growth.
Over 1.28 million new blockchain accounts were added to the network daily during these events.
As a result, there are now more than 257.9 million addresses overall.
With a Long/Short ratio 2.42, 70.8% of SUI permanent accounts on Binance are presently long, per CoinGlass.
This indicates that traders are generally bullish.
Sui open interest, however, has decreased to 699.6 million, indicating a dip in speculative activity.
Furthermore, the weighted sentiment has decreased to -0.655.
Conversely, the social dominance has climbed to 0.973%, suggesting a rise in social interaction.
Because of the ambiguity surrounding short-term momentum caused by these conflicting signals, our experts’ long-term SUI price estimate now depends on whether the $3.50 resistance can be overcome.
Structure Stabilizes Close To VWAP, Bulls Encounter $3.50 Resistance
The daily chart’s consolidation of SUI price action is slightly below the $3.50 resistance level, corresponding to the VWAP and a previous structure flip zone.
This area provided support in the past, but now it serves as a backstop, and bulls need it to continue.
The bounce shows a recent attempt at stabilization around the short-term EMA cluster.
But the traction is still modest without a clear break over $3.50.
This region is a possible accumulation zone.
However, only a verified breakout over $3.50 would indicate a short-term bullish turnaround, according to CryptoPulse, an analyst on the X platform.
Following rejection at $5.25, the current structure displays lower highs building.
Bulls are therefore still reassembling below a crucial ceiling. The path to $4.00 and finally $5.00 would be paved by breaking $3.50.
SUI price movement stays neutral until then, indicating a lack of resolve between waning traction and strengthening ecosystems.
In conclusion, SUI is still consolidating below a significant resistance zone, and solid fundamentals support its long-term potential.
However, there was a degree of pessimism, a decline in open interest, and the failure to recover $3.50 points to short-term prudence.
The market is still waiting for a breakout, which might change the direction of prices.
