SUI Trades in Bullish Triangle, Robinhood Listing Fuels Breakout Hopes
SUI is currently priced at $3.49, consolidating within an ascending triangle pattern that suggests a potential breakout toward $5.5. Despite a recent 3.09% dip testing trendline support, the bullish structure remains intact.
The pattern shows rising support with repeated rejections around $4.46–$4.50, marking that level as the key resistance. A confirmed move above $4.50 could trigger a rally of nearly 58%, while a drop below $3.40 would invalidate the setup.
Momentum indicators are supportive. The 14-day Money Flow Index (MFI) sits at 48.75, showing balance between inflows and outflows. A push above 60 would likely confirm fresh capital inflows, while recent rebounds off sub-40 levels suggest selling pressure has eased.
A major catalyst arrived with Robinhood’s August 19 listing of SUI, giving millions of U.S. retail investors direct access. This increases exposure and liquidity at a critical time, strengthening the bullish case.
Market sentiment has also turned positive. Santiment’s weighted sentiment index climbed to +0.533, reversing August lows and indicating renewed investor optimism. Historically, such sentiment shifts often precede price rallies, especially when combined with constructive chart patterns. 
With both technical compression and on-chain sentiment aligned, SUI appears primed for its next major move. A decisive breakout above $4.50 could open the path toward the $5.5 target, supported further by growing institutional interest through ETF filings from Canary and 21Shares.
