SUI Price On the Edge: Market Cap Slips Below $12B as Bulls Eye Explosive Breakout Above $3.60

SUI forms a weekly bullish triangle pattern with higher lows and multiple resistance touches, signaling growing pressure for a potential breakout.

Market cap fell from $13.3B to $11.7B, showing reduced participation and sustained consolidation after strong volatility earlier in the week.

RSI and MACD on 4-hour charts reflect neutral momentum, with price holding support at $3.30 and testing resistance near $3.60.

SUI has entered a compression phase within a bullish structure, forming higher lows while showing resistance around the $3.80 level. The current setup presents a narrowing triangle pattern with a breakout potentially initiating a broader expansion phase.

Weekly Structure Indicates Technical Setup for Breakout

The weekly chart of SUI on Bybit reflects a long-term bullish formation spanning from May 2023 to August 2025. After an initial selloff, the price formed a rounded bottom, establishing support at $0.35, followed by a steady recovery.The Cryptotarget11 account posted on X, referencing this compression as a bullish setup. The tweet claims a confirmed breakout could initiate SUI's next expansion phase, with $10 as a logical target.

From October 2023 through March 2024, SUI reached $2.20, rejecting twice and forming a double top. A second rounded bottom formed mid-2024, supported at $1.45. A breakout above $2.20 in late 2024 took the price to $4.40 before a pullback began.

The descending resistance trendline, active since early 2025, now converges with rising support. The current price of $3.36 is testing the $3.50–$3.60 resistance range. A breakout confirmation above this level may lead to a projected target of $10.00.As of today, the price of Sui (SUI) is $3.37. This marks a 3.62% decline in the past 24 hours and a 2.29% drop over the last seven days.

Short-Term Data Shows Consolidation With Weak Momentum

On the 4-hour Binance chart, SUI is displaying a series of lower highs and lower lows since mid-August. The price continues to trade within a defined range between $3.20 and $3.80.

The MACD remains below the zero line, with both signal and MACD lines nearly flat, showing neutral momentum. RSI reads 40.27, consistently below 50, reflecting weak buyer interest

Source: CryptoRank

Minor rebounds occur near $3.30 support, but all attempts above $3.70 have failed.

Volume activity remains moderate at 9.03 million, without strong breakouts or breakdowns. Price action remains coiled as buyers defend support but fail to reclaim higher resistance.

Market Capitalization Declines After Short-Term Spike

SUI’s market cap jumped above $13.3 billion on August 23 but quickly faced heavy volatility. On August 24 and 25, the market swung sharply before a major selloff on the 25th.

From August 26, the market cap narrowed to a range between $11.8 billion and $12.3 billion, showing signs of weakening buying pressure and cautious investor sentiment. By August 29, the market cap dropped further below $12 billion, nearing $11.7 billion.

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