SUI Technical Analysis on August 4, 2025: Will the Bullish Trend Persist?

A technical analysis of SUI on August 4, 2025, exploring support, resistance, and indicators to forecast market trends.

SUI, the innovative layer-1 blockchain, has been making waves in the crypto world with its scalability and speed. As of August 4, 2025, SUI is trading around $3.4864, consolidating after a recent dip. Can SUI reclaim its bullish momentum, or is a deeper correction looming? Let’s explore the charts and indicators to uncover its next potential move. Current Market Landscape SUI is navigating an ascending channel but has faced selling pressure from a recent token unlock, pushing the price down to around $3.48. The daily chart shows consolidation near the critical $3.48 support, with a 24-hour trading volume of about $1.06 billion. This volume reflects strong market activity, though it’s slightly lower than recent weeks, signaling caution. Could this consolidation be a springboard for a new rally? Key Support and Resistance Zones The primary support zone lies between $3.38 and $3.48, with $3.48 aligning with the 50-day moving average as a critical level. A break below this could see prices slide to $3.20 or even $2.91. On the upside, resistance levels at $4.10 and $4.44 stand as significant hurdles. Breaking these could propel SUI toward $4.75 or even $5.00. Some analysts suggest that holding $3.48 could pave the way for a fresh uptrend. Indicator Insights The Relative Strength Index (RSI) sits around 45, indicating a neutral trend—neither overbought nor oversold. This suggests the market is in a wait-and-see mode, with no strong bullish momentum yet. The MACD shows a mild bearish signal, with the MACD line just below the signal line. However, an uptick in volume could trigger a bullish crossover. Bollinger Bands indicate moderate volatility, hinting at a potential big move soon. Chart Patterns and Scenarios The 4-hour chart reveals a symmetrical triangle pattern, often a precursor to a significant price shift. A high-volume breakout above $4.10 could target $4.44 or $4.75. Conversely, a break below $3.48 might push prices toward $3.20. Some traders believe SUI could sweep liquidity around $3.38 before resuming its uptrend. Is this pattern setting the stage for a major breakout? Market Influences Beyond technicals, fundamentals are at play. SUI’s parallel execution model and Move programming language continue to attract developers. Rising on-chain activity and new partnerships could bolster bullish momentum. However, a recent unlock of 44 million tokens (worth about $128 million) has created temporary selling pressure. SUI’s correlation with the broader crypto market, especially Bitcoin, could also impact its trajectory if the market corrects. Can SUI’s robust ecosystem overcome these headwinds? Trading Strategy Short-term traders might consider buying near the $3.48 support with a stop-loss below $3.38, targeting $4.10 or $4.44. Long-term traders could wait for a confirmed breakout above $4.10 to minimize risk. In crypto’s volatile world, risk management is paramount—never risk more than you can afford to lose, and always use stop-losses. Wrapping Up On August 4, 2025, SUI stands at a pivotal moment. Key support at $3.48 and resistance at $4.10 and $4.44 will shape its next move. Indicators point to a neutral stance with bullish potential, but traders should stay cautious and await trend confirmation. With disciplined risk management and close attention to market signals, SUI offers intriguing opportunities. Is this innovative blockchain poised to climb new heights?