SUI Price Eyes $5 as AMINA Bank Integration and $500M Treasury Backing Fuel Momentum

SUI sits at a crucial technical zone with macro-level developments unfolding and on-chain activity gaining momentum. As the macro unfolds and on-chain activity picks up SUI is in a key technical area. After retracing from fresh high of $5.25, the price is now consolidating slightly below the $3.50 mark. This level coincides with the volume-weighted average price (VWAP), which is now acting as short-term resistance. Recent institutional involvement and the growing network activity may present additional context for whether this zone will be reclaimed in the short term..

AMINA Bank Integration, $500M Treasury Funding, And On-Chain Signals Define SUI Price Structure

The inherent strength of SUI has experienced a formidable upsurge with a historic merger with the Swiss-based AMINA Bank that has become the first regulated bank to support the SUI token custody as well as trading services. 

This milestone paves the way for compliant institutional involvement and adds significant credibility to the project within traditional financial sectors. Besides, Mill City Ventures raised half a billion dollars in treasury funding to enhance SUI long-term growth, scalability, and expansion to new verticals.

Amid these developments, over 1.28 million new blockchain accounts were added to the network in just 24 hours. This pushed the total number of addresses to above 257.9 million. According to CoinGlass, 70.8% of SUI perpetual accounts on Binance are currently long, with a Long/Short ratio of 2.42. This signals dominant bullish sentiment among traders. 

However, Sui open interest has dropped to 699.6 million highlighting a decline in speculative participation. Additionally, the weighted sentiment has also seen decline to -0.655. On the other hand, the social dominance has spiked to 0.973%, implying increased social engagement.

These contrasting signals have created uncertainty around short-term momentum, leaving the long term SUI price prediction curated by our analysts reliant on whether the $3.50 resistance can be reclaimed.

Bulls Face $3.50 Resistance As Structure Stabilizes Near VWAP

SUI’s price action on the daily chart shows consolidation just below the $3.50 resistance level, which aligns with the VWAP and a previous structure flip zone. This area had a support role in the past but today has become backstopping and bulls need it back to move on.  

The recent bounce around the short-term EMA cluster highlights a stabilization attempt to stabilize. However, the traction remains muted without a clean break above $3.50. According to CryptoPulse, an analyst on X platform, this area presents a potential accumulation zone, but only a confirmed breakout above $3.50 would validate a short-term bullish reversal. 

The current structure shows lower highs forming after rejection at $5.25. This means bulls are still regrouping beneath a critical ceiling. Breaking $3.50 would clear the way to $4.00 and eventually $5.00. Until then,  the price movement remains neutral, reflecting indecision between fading traction and growing ecosystem strength.

Conclusively, SUI continues to consolidate below a key resistance zone, with strong fundamentals supporting its long-term potential. However, the negative sentiment level, a drop in open interest, and inability to reclaim $3.50 points to near-term caution. A breakout could shift price direction, but until then, the market remains in a wait-and-see phase

Coingape Staff

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