#SUIUSDT

Here’s the current SUI/USDT price (as of today, August 9, 2025):

Technical Analysis Summary & Trade Setup (TP & SL)

Key Technical Insights

SourceAnalysis HighlightsBlockonomiInstitutional buy (~$450M) and breakout support suggest upside to $6–$10 if bullish momentum continues FXEmpireAnalyst “Crypto Rand” forecasts +150% rally to $10 CoinCentral (Elliott Wave)SUI is entering a powerful Wave 3 with a bullish MACD crossover; support at $2.40–$2.80, resistance between $4.50–$4.90; potential move to $10 Crypto-EconomyA decisive break and daily close above $4.35 could target the $5.00–$5.30 zone Blockonomi (Fibonacci)Support at $3.21, with intermediate targets at $3.95 and $5.88 CoinCentral (Network Activity)Strong on-chain metrics and falling wedge pattern point toward $7.00 short-term target; $35 possible by year-end on further catalysts Recent Derivative SentimentBearish shift noted: long-to-short ratio at 0.63, indicating more bets on downside

Suggested Trading Levels

1. Conservative Short-Term Setup

Entry (Buy): $3.90–$4.00

Stop-Loss (SL): ~$3.15 (below Fibonacci/support zone)

Take-Profit (TP):

TP1: ~$3.95–$4.00 (near resistance)

TP2: ~$5.00–$5.30 (after breakout above $4.35)

TP3: Up to ~$6.00–$7.00 (if momentum holds)

2. Aggressive Medium-Term Setup

Entry (Buy): $4.00–$4.20

Stop-Loss (SL): ~$3.50 (protect against downside during breakout attempts)

Take-Profit (TP):

TP1: ~$6.00

TP2: ~$7.00

TP3: ~$10.00 (key target if institutional momentum and Elliott Wave play out)

Additional Considerations

Token Unlock Pressure: Upcoming large unlocks could increase sell-side pressure and cause volatility .

Market Sentiment: Derivative flow suggests caution—current sentiment skewed bearish .

Volatility & Risk: Crypto is inherently volatile. Manage position sizes and use stop-losses to mitigate risk.

Final Thoughts

Conservative approach: Start with a smaller position at the $3.90–$4.00 zone, targeting ~$5–$7 with a tight SL.