AMINA Bank Launches World’s First SUI Trading Service — Is SUI Now Targeting the $5 Mark?

Updated

August 7, 2025

Gambar AMINA Bank Launches World’s First SUI Trading Service — Is SUI Now Targeting the $5 Mark?

Jakarta, Pintu News – As reported by Coingape (August 6), SUI is in a crucial technical zone, while macroeconomic developments continue to unfold and on-chain activity shows an increase.

As macro factors begin to unfold and network activity increases, Sui is now entering an important technical area. After hitting a new high of $5.25, the price has now corrected and is consolidating slightly below the $3.50 level.

This level coincides with the volume-weighted average price (VWAP), which is currently acting as short-term resistance. Recent institutional involvement and increased network activity could be the deciding factor whether this zone can be broken again in the near future.

AMINA Bank Integration, $500 Million Treasury Funding, and On-Chain Signals Shape SUI’s Price Structure

SUI’s fundamental strength saw a significant surge thanks to the historic achievement of a partnership with Swiss-based AMINA Bank-the first regulated bank to support custodial services and trading of SUI tokens.

This major step paves the way for regulatory institutional involvement, while adding great credibility to the SUI project in the eyes of the traditional financial sector.

In addition, Mill City Ventures also raised $500 million in treasury funding to drive SUI’s long-term growth, scalability and expansion into new sectors.

Amidst these developments, over 1.28 million new blockchain accounts were recorded within 24 hours-pushing the total number of SUI addresses to over 257.9 million.

Based on CoinGlass data (6/8), 70.8% of SUI perpetual accounts on Binance are long, with a Long/Short ratio of 2.42. This indicates the dominance of bullish sentiment among traders.

However, SUI open interest (OI) actually decreased to $699.6 million, signaling less speculative activity. Weighted market sentiment also decreased to -0.655. In contrast, social dominance increased to 0.973%, reflecting high community engagement on social media.

These conflicting signals create uncertainty over SUI’s short-term movement, so the long-term price outlook is now heavily dependent on SUI’s ability to break the $3.50 resistance level again.

Bulls Stuck at $3.50 Resistance as SUI Price Structure Begins to Stabilize Around VWAP

SUI’s price movement on the daily chart shows a consolidation pattern just below the $3.50 resistance level-an area that coincides with the VWAP as well as the reversal zone of the previous structure.

This region used to act as support, but now it acts as a barrier, and the bulls need to reclaim it to push the price up further.

The recent price bounce around the short-term EMA set hints at a stabilization attempt. Even so, momentum remains limited as long as the price has not managed to break clearly above $3.50.

According to CryptoPulse, an analyst on the X platform, this area could be a potential accumulation zone. However, a short-term bullish reversal signal will only be confirmed if the price manages to breakout above $3.50.

$SUI has pulled back right into the sweet spot.
Price just hit the VWAP average and is sitting directly on structural support around $3.50. This is exactly where we’ve been waiting to step in.

SUI continues to gain recognition across the space and has the structure of a project… pic.twitter.com/f6lVqegA2I
— CryptoPulse (@CryptoPulse_CRU) August 4, 2025

The current structure also shows a pattern of lower highs after a strong rejection at the $5.25 level, signaling the bulls are still in a consolidation phase below an important upper boundary.

If the price manages to break $3.50, then the path is open to $4.00 and then $5.00. Until then, the price movement remains neutral-reflecting the uncertainty between selling pressure and the growing strength of the ecosystem.

In conclusion, SUI is still consolidating below the key resistance zone. While the fundamentals of the project remain strong for the long-term, the negative market sentiment, declining open interest, as well as the failure to reclaim the $3.50 level indicate the need for caution in the short-term.

A clear breakout could be a turning point in price direction, but for now, the market is still in a wait-and-see phase.

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