Overview
- SUI was trading around $0.67 on Aug. 17–18 with a market cap near $2.75 billion and about $159 million in 24‑hour volume, according to charting and market data reported by multiple outlets.
- Technical measures show limited buying pressure, with on‑balance volume flat for weeks, the RSI under 50, and a recent Stochastic RSI bearish crossover that points to fragile momentum.
- CoinGlass liquidation maps identify a concentration of long positions below $0.65 that traders say could be targeted in a downside sweep if support breaks, creating fast forced selling.
- Analyst Michaël van de Poppe described $0.65–$0.67 as an accumulation zone and set a near‑term upside target of $0.745 if a higher low holds at $0.6725, while warning he would buy lower if broader market weakness returns.
- The token remains about 87% below its January 2025 peak of $5.35 after a prolonged downtrend, and that history means traders are split between buying the dip for a swing trade and waiting for clearer signs of recovery.