
{"id":88680,"date":"2025-08-15T09:53:41","date_gmt":"2025-08-15T09:53:41","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=88680"},"modified":"2025-08-15T09:53:41","modified_gmt":"2025-08-15T09:53:41","slug":"sui-down-6-but-analysts-say-7-is-coming","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=88680","title":{"rendered":"SUI Down 6%, But Analysts Say $7 Is Coming"},"content":{"rendered":"<p>TL;DR<\/p>\n<p><span>SUI falls to $3.81 after heavy liquidations, yet technical charts point toward higher price targets.<\/span><br \/>\n<span>Breakout above $3.57 Fibonacci level confirms support, setting the stage for a possible move toward $7.<\/span><br \/>\n<span>Analyst projects climb to $4.90, brief pullback, then surge to $6.90\u2013$7.00 in the coming weeks.<\/span><\/p>\n<h2>Price Drop Follows Liquidations<\/h2>\n<p><span>Sui (SUI) traded at $3.81 after falling 6% in the past day, with $1.56 billion in turnover. The move came after a wave of liquidations hit leveraged positions across major exchanges.<\/span><\/p>\n<p><span>Long positions worth $14.34K and shorts worth $119.18K were closed during the session. Binance saw the largest share, with $67.37K in short liquidations and $13.59K in longs. OKX, Bybit, and Gate also recorded position closures, though in smaller amounts.<\/span><\/p>\n<p><span>However, market charts from Ali Martinez show SUI breaking out of a long-term symmetrical triangle pattern. The <a href=\"https:\/\/cryptopotato.com\/sui-breakout-could-lead-to-8-analyst-explains-why\/\">breakout<\/a> came above $3.57, in line with the 0.618 Fibonacci level, which is now acting as support.<\/span><\/p>\n<p><a href=\"https:\/\/twitter.com\/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$SUI<\/a> bullish retest complete, targeting $7! <a href=\"https:\/\/t.co\/IimwBmUzaE\" target=\"_blank\" rel=\"noopener\">pic.twitter.com\/IimwBmUzaE<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1956126940537962779?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">August 14, 2025<\/a><\/p>\n\n<p><span>Interestingly, technical levels suggest a path toward $5.25 as the next key area. Extensions place further targets near $6.9 and $7. Martinez projects a move to $4.9, a brief pullback, and a climb toward the $6.90\u2013$7.00 zone in the coming weeks.<\/span><\/p>\n<h2>DeFi TVL Near Record Levels<\/h2>\n<p><span>The total value locked in Sui-based DeFi protocols is at $2.150 billion, down 4% in 24 hours but close to its highest point on record.<\/span><\/p>\n<p><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-15-at-10.55.31.png\"><\/a>Source: DefiLlama<\/p>\n<p><span>Data from DefiLlama shows TVL growth from about $500 million a year ago to above $2 billion this year. Gains accelerated from late April 2025 after crossing $1.5 billion. The trend has stayed upward despite short-term dips.<\/span><\/p>\n<h2>21Shares Adds New ETPs in Europe<\/h2>\n<p><span>21Shares has <a href=\"https:\/\/x.com\/21Shares\/status\/1955270850292101617\/\" target=\"_blank\" rel=\"noopener\">listed<\/a> two new crypto exchange-traded products on the SIX Swiss Exchange. The 21Shares Sui Staking ETP (ASUI) offers staking exposure to SUI with built-in risk controls. The 21Shares XDC Network ETP (XDCN) provides direct price exposure to XDC.<\/span><\/p>\n<p><span>These join the company\u2019s existing products on Euronext Amsterdam and Paris, widening investor access to both assets across European markets.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/sui-down-6-but-analysts-say-7-is-coming\/\">SUI Down 6%, But Analysts Say $7 Is Coming<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>TL;DR SUI falls to $3.81 after heavy liquidations, yet technical charts point toward higher price targets. Breakout above $3.57 Fibonacci level confirms support, setting the stage for a possible move toward $7. Analyst projects climb to $4.90, brief pullback, then surge to $6.90\u2013$7.00 in the coming weeks. Price Drop Follows Liquidations Sui (SUI) traded at [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":88681,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/88680"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=88680"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/88680\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/88681"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=88680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=88680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=88680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}