SUI Defends $3 Support Level Amid Market Turbulence, Eyes $5 Rally

BTCC / BTCC Square / Global Cryptocurrency /

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2025-09-05 02:00:14

[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN] SUI News -

SUI has weathered a 20% decline since early August, yet its steadfast hold above the $3 support level has injected fresh Optimism into the market. Trading at $3.34, the token faces short-term headwinds, including a 5% drop in the last 24 hours. Large token unlocks in August and September—44 million tokens each, worth $159 million and $143 million respectively—have exacerbated selling pressure, driving open interest down 30% since late July.

Despite these challenges, institutional accumulation by entities like sui Group Holdings signals underlying confidence. Funding rates have plummeted from 0.0615% in July to 0.0099%, reflecting subdued speculative activity. Market watchers now eye a potential rally toward $5, buoyed by ecosystem developments and resilient demand.

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