Key Takeaways
SUI’s bounce from $3.50 aligns with rising long interest, a spike in Social Dominance, and favorable liquidation pressure. Combined with AMINA Bank’s backing, the token may be primed for a sharp rally.
Swiss-based AMINA Bank became the first regulated financial institution to support Sui [SUI] trading and custody on the 5th of August.
This move marked a milestone in institutional adoption and sparked renewed attention toward the network.
Following the announcement, SUI recorded 1.28 million new addresses in 24 hours, pushing total addresses to 257.9 million.
These developments highlight a shift in how both institutions and users perceive SUI—not merely as a token, but as a foundational asset in the next phase of blockchain adoption.
Is SUI preparing for liftoff?
After a sharp decline in recent weeks, SUI has stabilized around $3.50, aligning with the Volume-Weighted Average Price (VWAP) and a key structural support zone.
This level has historically acted as a launchpad for previous rallies, and now a double bottom pattern has emerged—often a bullish reversal signal. Analysts are watching closely, with expectations of a potential breakout toward $5.
The convergence of technical support and institutional interest suggests accumulation may be underway. If this VWAP retest holds, it could mark a pivotal turning point in SUI’s recovery.
Are retail traders fueling the next bullish leg on Binance?
Retail sentiment has leaned aggressively bullish, with the Binance Long/Short Ratio showing that 68.3% of traders held long positions, at press time.
This accounted for a Long/Short Ratio of 2.15, indicating that the majority expect the upside to continue.
If the current support holds, these long positions could strengthen momentum. However, excessive leverage may increase volatility if the price pulls back sharply.
Is rising social chatter a precursor to a price breakout?
Santiment data showed that SUI’s Social Dominance peaked at 2.2%, its highest in months as of the 5th of August.
This surge in online chatter may be fueling market anticipation. Historically, such spikes often precede price volatility, especially when tied to strong catalysts.
The current combination of institutional recognition, technical structure, and retail interest could turn this buzz into a breakout.
Will SUI trigger a squeeze as the liquidation map tightens?
The Liquidation Map showed that SUI’s price of $3.53 sat just above a dense band of short liquidation levels.
In contrast, liquidation pressure above the current price appears light until around $3.88. This imbalance opens the door for a short squeeze if buyers begin pushing the price higher.
With the liquidation levels skewed toward shorts, any rapid price spike could force liquidations and create cascading buy pressure.
Hence, this map favors an upward breakout scenario, especially in combination with bullish positioning and strong support.
Can SUI sustain its momentum and reach $5?
With Swiss regulatory backing, rapid user growth, and a bullish technical setup, SUI looks poised for further upside.
The $3.50 support zone remains intact, supported by increasing long positions and rising social media buzz.
If momentum continues and short liquidations spark a squeeze, a rapid move toward $5 is possible.
Overall, current market conditions suggest SUI may be preparing for a decisive breakout in the near term.
