SUI currently trading at $3.49 within a bullish triangle setup, projecting a potential increase towards $5.5.

The SUI token, native to the Sui Network, is currently trading at $3.49, showing a 3.09% decrease over the past 24 hours. Despite this minor setback, the cryptocurrency's price is currently testing the ascending trendline support around $3.49, and all signs point towards a potential breakout.

In August 2025, 44 million SUI tokens, valued at approximately $171 million, were unlocked as part of the scheduled token release that extends to 2030. This event, coupled with the strong fundamentals demonstrated by the Sui Network, has kept the market optimistic.

The Sui Network has shown impressive growth, with over $80 billion in cumulative decentralized exchange (DEX) volume in the first half of 2025. Its decentralized finance (DeFi) ecosystem now holds more than $2.15 billion in total value locked (TVL).

The weighted sentiment for SUI has rebounded to +0.533, indicating renewed market optimism. This optimism is further supported by the growing institutional interest in SUI. Swiss Bank Sygnum has announced support for SUI, providing custody and trading services for institutional investors. ETF filings from Canary and 21Shares also suggest this growing interest.

Moreover, Nasdaq filed an application for the 21Shares Sui ETF, and the SEC review of this application began recently in August 2025. If approved, this could significantly increase SUI's exposure to a broader investor base.

Technical analysis suggests a potential 57.52% move to a $5.5 target if SUI breaks above $4.50. Weekly chart patterns indicate that SUI may soon test resistance at $4.42, with a successful breakout potentially leading to a move toward $5.33 as an intermediate target.

However, SUI faces immediate resistance at $4.20, with key support zones at $3.80 and $3.50. The 14-day Money Flow Index (MFI) for SUI is at 48.75, indicating a balance between buying and selling pressure. This suggests that the market positioning is currently balanced.

Mustafa Al Niama, formerly of Goldman Sachs, has joined Mysten Labs to lead capital markets integration efforts for SUI. His expertise is expected to further strengthen the Sui Network's position in the market.

Robinhood listed SUI on August 19, opening access to millions of U.S. retail investors. This move is expected to increase the token's liquidity and potentially drive its price.

In conclusion, while the SUI token has shown a minor decrease over the past 24 hours, its strong fundamentals, growing institutional interest, and potential technical breakout suggest a promising future. However, as with any investment, it's essential to do thorough research and consider all risks.

SUI currently trading at $3.49 within a bullish triangle setup, projecting a potential increase towards $5.5.