$4.5 Resistance Key to $5.5 Push

Key Insights:

• Sui defends strong support zones, with $4.0–$4.5 resistance acting as the gateway to higher price targets.
• Liquidations show high leverage remains, with long and short traders facing frequent wipeouts near $3–$4 range.
• DEX volumes surged 38.8% in three months, reflecting steady growth in Sui ecosystem trading activity. 

Sui (SUI) was trading near $3.67, with traders closely watching the $4.0–$4.5 zone as a key resistance. The chart shared by Cipher X outlines critical areas shaping the market structure.

The Fair Value Gap (FVG) around $3.0–$3.3 has been tested several times, and so far, it continues to hold as support. Beneath this, an order block between $2.0 and $2.5 remains a strong demand zone if prices retrace further. 

Cipher X noted, 

“As long as SUI holds above the FVG, a retest of 4.0 — 4.5 looks likely and breaking that could trigger a move toward ATH.” 

The ultimate upside target remains near $5.5, the token’s all-time high.

Liquidations Reflect High Leverage Activity

Data from Coinglass shows total SUI liquidations remain active, with the latest figures recording $278.95K in long liquidations and $271.44K in short liquidations. This near balance reflects volatility affecting both sides of the market.

Large spikes in liquidations have been visible throughout the year. April and May saw wipeouts exceeding $8M–$17M during sharp moves toward $4, while July dips below $3 triggered heavy long-side losses. Recent weeks show smaller liquidation volumes but frequent alternation between long and short positions, signaling that leveraged trading continues to shape short-term price swings.

DEX Trading Volume Rises Steadily

Weekly decentralized exchange (DEX) volume for SUI has reached $3.0 billion, a 39% increase compared to three months ago, according to data shared by Marc Shawn Brown.

Trading volumes climbed strongly in July, peaking above $4.5B in the week of July 21. While activity cooled afterward, volumes have consistently stayed above $2.5B. Renewed strength in mid-August and early September shows continued engagement from liquidity providers and traders across SUI-based platforms.