- SUI token rises 11% after a technical breakout.
- Potential risk of retest at $3.10 support level.
- Increased institutional interest despite mixed technical signals.
SUI soared 11% after a technical breakout, facing risks of a pullback to $3.10 support amid increased institutional interest and volatile market conditions on August 24, 2025.
The surge reflects institutional demand, with potential pullback risks highlighted by omitting direct spillover effects in major altcoins, emphasizing SUI’s isolated momentum.
SUI soared 11% following a technical breakout, presenting a potential risk of a pullback to the $3.10 support level. The move coincided with increased institutional interest and bullish yet volatile market dynamics. Despite the price rise, SUI faces risks as mixed technical signals persist. With increased futures open interest and token unlocking, markets remain volatile.
The Sui blockchain, developed by Mysten Labs, is led by CEO Evan Cheng, CTO Sam Blackshear, and President Adeniyi Abiodun. However, none have commented on the SUI price breakout as of August 24, 2025. Institutional activity is noted, with Nasdaq-listed Mill City Ventures III planning to raise $500 million to increase its SUI token holdings. The market impact is largely contained within SUI, with minimal effect on ETH or BTC.
Financial implications are tied to potential pullbacks below $3.20, influenced by on-chain activity and token unlock events. Analyst Ali Martinez highlights $4.20 as a key resistance point, while SUI maintains a unique stance compared to broader crypto trends.
“If SUI can surpass this resistance, the path toward $5 and eventually $7 becomes more feasible.” – Ali Martinez, Crypto Analyst, via X
Additional market analysis, such as insights on the recent market fluctuations, can be found through profiles such as Deg Ape.
Learn about the top crypto projects thriving in the SUI ecosystem.
With Mill City Ventures III’s plans to increase holdings, the interest in SUI remains robust. Meanwhile, larger crypto players like ETH and BTC continue their own trajectories, unaffected by SUI’s recent volatility.
Institutional and retail investors alike can keep informed on future trends and price predictions through regular SUI analysis.
