The recent rapid growth has increased on-chain activity and shifted investor sentiment. AMINA Bank, the first regulated Swiss institution, has started offering custody and trading services for the SUI token. This development has built a solid bridge between traditional finance and crypto. 

Meanwhile, the $500 million treasury funding provided by Mill City Ventures has strengthened the project’s long-term growth plans. With this support, 1.28 million new user accounts were created in just 24 hours. The total number of addresses has exceeded 257.9 million. 

According to Binance data, 70.8% of investors in SUI futures are in long positions. The long/short ratio stands at 2.42, indicating continued bullish sentiment among investors. 

On the other hand, open interest dropped to $699.6 million, revealing waning speculative interest. Additionally, the weighted market sentiment has declined to -0.655. Conversely, the social engagement rate rose to 0.973%. These conflicting metrics create uncertainty over short-term direction. 

What Do Technical Indicators Say? SUI Trapped Below VWAP 

SUI is currently consolidating just below the $3.50 resistance. This level aligns with the VWAP line and a previously supportive region. At this structurally pivotal point, buyers are preparing for a strong breakout. 

Meanwhile, a recovery in short-term EMA levels indicates an effort to stabilize price. Still, sustained movement above $3.50 is needed to confirm a clear direction. 

According to crypto analytics platform CryptoPulse, the current structure represents an accumulation zone. However, only a breakout above this resistance will confirm a short-term uptrend. 

$SUI has pulled back right into the sweet spot.
Price just hit the VWAP average and is sitting directly on structural support around $3.50. This is exactly where we’ve been waiting to step in.

SUI continues to gain recognition across the space and has the structure of a project… pic.twitter.com/f6lVqegA2I

— CryptoPulse (@CryptoPulse_CRU) August 4, 2025

The current setup shows descending highs after rejection from $5.25, indicating that bulls are regrouping just below the key threshold. If $3.50 is breached, the price is expected to move toward $4.00 and then $5.00. 

Moreover, strong on-chain activity and institutional backing reinforce the long-term outlook. However, caution is advised in the short term. 

With solid partnerships and funding, SUI is reinforcing its foundations. Still, short-term direction depends on the $3.50 resistance. Until this level is broken, the market will remain in wait-and-see mode. 

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The post SUI Price Targets $5 Amid AMINA Deal and $500M Backing appeared first on Coin Engineer.

The break above the descending trendline on the 4-hour chart may be an early sign of a stronger upward movement for SUI.

Downtrend Broken, Resistance Levels Falling One by One

Following the breakout, SUI surpassed the crucial $2.88 resistance level and climbed all the way to $3. This move not only broke a psychological barrier but also signaled potential for further upward price action. If $2.88 now holds as support, it could lay the foundation for a sustained bullish move.

Is the $3.25 Target Within Reach?

All eyes are now on the $3.19–$3.25 price band. Given the current momentum and technical structure, a move towards this range appears plausible. However, this scenario depends heavily on whether the $2.88 support level holds.

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If SUI fails to maintain that support, a pullback toward the previously broken trendline is likely. As such, the $2.88 level remains a critical threshold in the short term.

Market Sentiment Adds Fuel to the Fire

A general recovery across the crypto market is further supporting technically strong coins like SUI. Trend breakouts often serve as early indicators of larger bullish runs, and SUI seems to be aligning with that narrative.

Investors would be wise to keep a close eye on key technical levels to properly assess and seize potential opportunities.

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The post SUI Breaks the Downtrend: Is a New Rally on the Horizon? appeared first on Coin Engineer.

How price behaves near support and resistance zones may directly influence trader sentiment and strategy.

3.57$ Support Reclaimed

After losing the 3.57$ support, SUI dipped to as low as 3.41$. However, the drop was short-lived. The price quickly recovered and managed to reclaim the support zone, now hovering around the 3.57$ mark once again.

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If this level holds, a potential move toward the 3.83$ resistance remains on the table. The technical outlook supports the possibility of further upside if buying momentum continues.

Break Below Could Trigger Deeper Pullback

On the flip side, should SUI fail to maintain the 3.57$ support, a deeper correction may be in store. This would likely increase selling pressure and result in a bearish short-term structure.

Traders are advised to closely monitor both the support zone and any attempt to break through the resistance above.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post SUI at a Crossroads: Rebound or Breakdown? appeared first on Coin Engineer.

Cetus Protocol Hacked: First Alarm on Social Media

The panic initially spread through technical analysis and on-chain data shared on the social media platform X (formerly Twitter). Rumors about a security exploit in Cetus Protocol’s smart contracts quickly circulated. Some independent analysts claimed to have identified unusual transfer movements from specific wallet addresses, which triggered serious concern among investors.

Scale of the Attack: Millions of Dollars Stolen

New information emerging about the attack suggests that the scale of the incident may be much larger than initially thought. According to some on-chain analysis sources, the hacker is believed to have stolen a total of $475 million worth of crypto assets. This figure is significantly higher than previously reported amounts. Moreover, the attacker’s wallet remains active, and funds continue to be moved to different addresses. This indicates that the incident is not yet fully contained and that further risks may still be unfolding.

These developments raise concerns that the Cetus Protocol hack could rank among the largest DeFi attacks to date.

Official Statement from Cetus

The Cetus Protocol team confirmed the breach in an official statement:

“There was an incident detected on our protocol and our smart contract has been paused temporarily for safety. The team is investigating the incident at the moment. A further investigation statement will be made soon. We are grateful for your patience.”

Alert Announcement

There was an incident detected on our protocol and our smart contract has been paused temporarily for safety. The team is investigating the incident at the moment. A further investigation statement will be made soon. We are grateful for your patience.

— Cetus (@CetusProtocol) May 22, 2025

A Curious Development: Stolen Funds Allegedly Deposited into Suilend

On-chain data shared by the community suggests that the attacker may have deposited around $10 million worth of stolen SUI into Suilend Protocol, possibly to borrow stablecoins. This hints at a highly organized and layered exploit.

Binance Founder CZ: “We Are Doing What We Can To Help SUI”

Following the event, Binance founder CZ (Changpeng Zhao) made a public statement via his personal account:

“We’re doing our best to help SUI. Not a pleasant situation. Hope everyone stays SAFU!”

We are doing what we can to help SUI. Not a pleasant situation. Hope everyone stay SAFU!

— CZ BNB (@cz_binance) May 22, 2025

CZ’s message shows that major crypto exchanges are not indifferent to such incidents and continue to support the broader ecosystem in times of crisis.

Support from Binance CEO Teng Did Not Delay!

Binance CEO Richard Teng also voiced his support for the SUI ecosystem, following CZ’s statement. In his message, Teng emphasized that the team is fully aware of the current concerns and is doing everything possible to assist and support the ecosystem.

We are aware of concerns surrounding SUI at the moment.

Our team is doing everything we can to provide assistance and support the ecosystem.

— Richard Teng (@_RichardTeng) May 22, 2025

This reinforces Binance’s image as not just a trading platform, but a key player committed to safeguarding the broader crypto landscape during critical times.

This content is not financial advice. Markets are highly volatile, and it’s essential to conduct your own research before making any investment decisions.

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SUI Technical Analysis

SUI stands out as one of the cryptocurrencies that stand strong against the decline in the AI ​​field. According to TradingView data, it stands out in the downward market with an increase of more than 6 percent in the last 24 hours.

SUI is currently trading at $ 0.95. The interest in cryptocurrencies in the AI ​​field increased with the developments in 2024, and this caused an increase in cryptocurrencies in this field. The support area to be considered in SUI is the $ 0.9 area, while the resistance is the $ 1 area.

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A possible rise in the market, and based on the fact that SUI remains strong despite these declines during the recovery period, it seems quite possible that it will exceed the $1 and then $1.2 region in the coming period.

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The post SUI Technical Analysis – September 8, 2024 appeared first on Coin Engineer.