- SUI confirms a bullish structure after retesting the $3.40 breakout zone, forming a textbook breakout-retest continuation setup on the 3-day chart.
- Fibonacci extension levels project potential upside targets between $7.60 and $9.00, offering over 120% gain from current price levels.
- July’s DEX volume hits $14B while Mill City Ventures backs a $450M SUI Treasury Strategy, boosting long-term network confidence.
Sui (SUI) may have just completed a critical phase in its market structure, raising the question: is this the final dip before a move toward a new all-time high? A combination of technical precision and ecosystem strength suggests a potential turning point for the asset.
Breakout and Retest Structure Confirms Bullish Momentum
SUI’s recent price action presents a textbook example of a breakout-retest pattern on the 3-day chart. After consolidating for months within a symmetrical triangle, the asset broke above the upper resistance trendline in early July 2025. This marked a clear shift from indecision to bullish strength
Price surged to the $4.40 level before pulling back to retest the former resistance—now acting as support—around $3.40. This move completed the classic breakout-retest cycle. The support held firmly, reinforcing the structure and confirming it as a legitimate breakout rather than a false signal.
CryptoBullet reacted to this development, stating, “If you aren’t buying this $SUI dip, I don’t know what the hell you’re waiting for.” The tweet reflected a sentiment that is growing among traders who view this pullback as an opportunity to take a position in preparation for a powerful continuation.
Fibonacci Levels Signal High-Probability Price Targets
With the structure now validated, attention shifts to possible upside targets. Using Fibonacci extension levels, analysts have mapped the next key zones between $7.60 and $9.00. These levels align with the 1.618 and 2.0 extensions from the triangle breakout, offering a potential gain of over 120% from current prices.
At press time, SUI trades at $3.60, following a 3.99% daily increase. Traders now watch for confirmation candles above $3.80. A clean move above this level could trigger renewed buying and signal the beginning of the next rally. The structure remains intact as long as $3.40 support holds.
This breakout-retest continuation setup is a familiar formation for trend-following strategies. The clean retest offers technical confidence for buyers, while risk remains defined should the support zone break. Momentum above $3.80 could make this recent dip the final one before an attempt at new highs.
Ecosystem Growth and Institutional Entry Strengthen Bullish Outlook
Beyond technical signals, the SUI ecosystem has shown strong performance, further reinforcing its bullish bias. Michaël van de Poppe reflected on its momentum, citing July’s new all-time high in DEX volume, which crossed $14 billion. This surge in on-chain activity reflects growing adoption across the network.
Institutional interest has also begun to materialize. Mill City Ventures recently closed a $450 million private placement, with funds supporting a dedicated SUI Treasury Strategy. Such capital inflow strengthens the network’s financial base and signals long-term institutional belief in its future.
As capital rotation continues across the market, assets with strong technical setups and real ecosystem traction tend to recover faster. With both elements in play, SUI’s setup may now represent a rare opportunity. The stage appears set, and if momentum continues to build, this dip could very well be the last before a push toward new all-time highs.
