SUI Gains 3.1% at $3.48 as Analysts Watch the $3.52 Breakout Level

SUI trades at $3.48, gaining 3.1% with buyers defending key support at $3.40.

Institutional adoption grows as SUI Group and Grayscale expand holdings, boosting long-term outlook.

Technical setup shows $3.52 breakout could target $3.85–$4.44, with $3.11 acting as major support.

SUI is holding strong at $3.48, posting a 3.1% gain today as buyers maintain control of market direction. After bouncing from recent lows, the token continues to display steady upward momentum. Market participants are closely watching the $3.52 resistance, where a breakout could extend gains toward higher resistance zones.

SUI Price Action and Market Structure

SUI has shown repeated cycles of declines followed by recoveries, with buyers consistently defending critical support levels. According to BitGuru via X, SUI is holding strong at $3.48 and gaining 3.1% today.

The chart indicates that price previously fell from $4.422, recording a 9.08% decline, before bouncing back with a 13.07% move to $3.9016. After this rally, another retracement took the market lower, but recovery followed, reaching $3.6904 before consolidating

Source: LLuciano_BTC(X)

Current support is observed near $3.40, while resistance is marked at $3.6904 and extended toward $3.80. According to analysis by LLuciano_BTC, the structure reflects higher lows and repeated breakout continuations, with the latest projection targeting $5.36.

Institutional Adoption and Ecosystem Growth

Institutional activity has added momentum to SUI’s outlook. On September 7, SUI Group Holdings disclosed $344 million in token holdings, marking a shift toward a Sui-focused treasury company. This announcement came after its earlier report of surpassing 100 million SUI tokens in its treasury.

Source: DeFiLlama

Grayscale also launched the Grayscale SUI Trust, which coincided with a 13% price surge on September 3. According to DeFiLlama data, Sui’s total value locked (TVL) currently stands at $2.028 billion, confirming strong DeFi participation. Stablecoin capitalization reached $851.17 million, while DEX volumes crossed $492 million within 24 hours.

Technical readings support the bullish case, with the price holding above both the 7-day and 20-day SMAs. The RSI reading at 53.17 remains neutral, allowing further upside potential. If SUI sustains above $3.52, analysts expect price expansion toward $3.85 and possibly $4.44, while defending $3.11 support keeps the trend constructive.

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