cryptopotato.com
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–$7.00 in the coming weeks.
Price Drop Follows Liquidations
Sui ($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.
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.
However, market charts from Ali Martinez show $SUI breaking out of a long-term symmetrical triangle pattern. The breakout came above $3.57, in line with the 0.618 Fibonacci level, which is now acting as support.
$SUI bullish retest complete, targeting $7! pic.twitter.com/IimwBmUzaE
— Ali (@ali_charts) August 14, 2025
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–$7.00 zone in the coming weeks.
DeFi TVL Near Record Levels
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.
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.
21Shares Adds New ETPs in Europe
21Shares has listed 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.
These join the company’s existing products on Euronext Amsterdam and Paris, widening investor access to both assets across European markets.