SUI coin price climbed to $3.48, a 1.5% increase on the day, as trading volumes surged past $1.13 billion amid a wave of bullish catalysts. The coin surge follows record on-chain activity, with 4.4 million daily transactions and over 605,000 active addresses logged on August 24, signaling that the network’s fundamentals are catching up with market hype.
The biggest spark, however, came from Nasdaq-listed Mill City Ventures’ rebrand to SUI Group Holdings (SUIG), where 98% of a $450 million private placement was allocated to SUI. This treasury-driven strategy effectively positioned SUI at the core of a listed company’s long-term capital base.
At the same time, Swiss-regulated Sygnum Bank announced the launch of custody and trading services for institutional clients, adding another layer of credibility and traditional market access for the SUI token.
Furthermore, protocols on the Sui network are gaining steam. For instance, Sui’s DeepBook DEX protocol smashed $100M in daily spot trading volume for the first time, pushing weekly volumes to fresh highs of $457 million.
Data also shows that Sui ranked just behind Solana and Ethereum, with a DEX volume of $466 million on August 27, well ahead of rivals like Polygon and Aptos.
Sui Coin Price Outlook: $6 in Sight
SUI’s current price of $3.48 sits slightly above a key support zone around $3.45 (minor resistance turned support), while facing immediate resistance near the 50-day MA at $3.71. The Bollinger bands suggest volatility is compressing, with the upper band at $4.03 marking the next upside target.
Cryptocurrency chartist Altcoinpedia framed SUI as “a moonshot waiting to happen”, drawing attention to both structural and institutional catalysts. He points to ETF momentum and its MOVE-based architecture, with targets set at $4.45 or higher in the short term if SUI could break free from consolidation and claim a new price floor.
Similarly, Sjull of AltCryptoGems stressed the chart-driven narrative, noting SUI’s repeated resistance tests around $3.70–$3.80. Each retest chips away at seller pressure, creating what he describes as “coiled energy” ready to snap higher.
He further commented that “the next attempt will finally lead to a breakout and some fireworks.”
Meanwhile, Crypto Monkey flagged a tightening symmetrical triangle forming on the weekly chart, where lower highs and higher lows are converging.
Symmetrical triangles often precede explosive moves, and in the case of the SUI coin, the sketched projection shows upside potential toward $6–$8 if the resistance gives way. That’s nearly a 2x setup from current levels.
