SUI Price Prediction: With favourable information from Robinhood listing, breaking through the key resistance of $4.5 may trigger a 57% rise.

The current price of SUI is $3.49, down 3.09% in the last 24 hours, and it is currently testing the key rising trendline support. Despite the pullback, its price structure remains bullish, and a rising triangle breakout pattern is still valid. The recent listing on the Robinhood platform (August 19) is expected to open new retail demand, and the on-chain weighted sentiment indicator has turned positive (+0.533), indicating a rebound in market optimism. Technical analysis suggests that if it can successfully break through the resistance zone of $4.46-$4.50, the price of SUI could initiate a rise of up to 57.52%, targeting $5.5.

Ascending triangle pattern formation, key technical levels determine future market direction

(Source: TradingView) The price of SUI is currently still in a clear rising triangle pattern, characterized by continuously increasing low support and a flat resistance band between $4.46 and $4.50. This trend has been effective since June, showing good accumulation at higher low levels and multiple rejections at the resistance ceiling. The current price is trading above the key trend line of approximately $3.49, indicating that buyers are still defending a bullish structure. If a successful breakout occurs at the $4.50 resistance, it could trigger a steep pump, with an increase of 57.52%, targeting a price level of $5.5. Conversely, if the price falls below the $3.40 support, it will invalidate this bullish setup. The current structure remains intact, and the long-term price outlook for SUI depends on its performance at the $4.50 key level.

Technical indicators show accumulation signs, waiting for catalysts to trigger the market The Money Flow Index (MFI) for the 14th is currently at 48.75, which is in the neutral range. This level indicates that the inflow and outflow of funds are balanced. If buyers enter the market, there is still significant room to push the indicator towards the overbought area, thus supporting a price rise. If the MF index breaks through 60 and continues to rise, it will support the view of new capital inflows. In addition, this indicator has previously rebounded from levels below 40, indicating that the selling pressure in recent days has eased. This transformation, combined with the technical pattern compression, suggests that there may be energy accumulation beneath the surface. Once the bulls successfully reclaim the resistance level, this accumulation period may erupt into a complete breakout trend. Therefore, the SUI price is technically supported and is waiting for a catalyst to unleash its upward potential.

Robinhood Listing and Shift in Sentiment, Together Building a Bullish Foundation SUI officially launched on Robinhood on August 19, marking an important step towards access to the retail market. This listing allows millions of users in the United States to trade SUI instantly through the Robinhood app, greatly reducing the entry barrier and friction for retail investors. The timing of this listing is crucial, as it coincides with the formation of a bullish rising triangle pattern on the SUI price chart. It not only increases accessibility but also provides narrative fuel, which are two of the most important drivers that may support an upward breakout.

(Source: Santiment) In addition to the positive news from the listing, the Weighted Sentiment data provided by Santiment shows that the market crowd psychology has shifted. This indicator fell into negative territory in mid-August but has now risen to +0.533. This indicates that investors are feeling optimistic again. With a supportive structural background, such surges in sentiment are often accompanied by price rises.

Market Outlook In summary, multiple signals undoubtedly point to a potential breakout. The structure of the ascending triangle remains intact, market sentiment has turned positive, and the listing of Robinhood has provided a new demand surge. If it can break cleanly and hold above $4.50, it is likely to push the SUI price towards the target of $5.5. Conclusion: SUI is on the verge of a bullish breakout. The technical formation, market sentiment, and favorable fundamentals (Robinhood's listing, Canary and 21Shares' ETF applications highlighting institutional interest) create a bullish resonance. However, traders must closely monitor the integrity of the $3.40 support level; if this defense line is breached, it will overturn short-term bullish expectations. Patience is still required in the market until the breakout is confirmed.