Will SUI Soar to $7 Despite 6% Plunge? 📈🚀

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TL;DR

  • SUI plummets to $3.81 amidst a storm of liquidations, yet whispers of the market hint at loftier aspirations.
  • A triumphant breach above the $3.57 Fibonacci level solidifies support, perhaps paving the way for a majestic ascent to $7.
  • An analyst, with the foresight of a prophet, envisions a rise to $4.90, a fleeting retreat, and then an audacious leap to $6.90-$7.00 in the weeks ahead.

A Tale of Woe and Hope in the Cryptosphere

Sui (SUI), that once-proud digital currency, now trades at the modest sum of $3.81, having surrendered 6% of its value over the last day, with a staggering $1.56 billion in turnover. This descent was precipitated by a tempest of liquidations that swept through the major exchanges, leaving in its wake a trail of closed positions-longs worth $14.34K and shorts worth $119.18K. Binance, ever the battlefield, bore witness to the largest casualties, with $67.37K in short liquidations and $13.59K in longs. The lesser exchanges, such as OKX, Bybit, and Gate, also experienced their share of losses, though on a more modest scale.

Yet, in the midst of this turmoil, a glimmer of hope emerged. Market charts, courtesy of the astute Ali Martinez, revealed SUI breaking free from the confines of a long-term symmetrical triangle pattern. This breakout, occurring above the sacred $3.57 mark, coinciding with the 0.618 Fibonacci level, now stands as a bastion of support.

$SUI bullish retest complete, targeting $7!

– Ali (@ali_charts) August 14, 2025

Technical analyses, those mystical guides of the financial realm, suggest a path leading to the $5.25 plateau as the next significant milestone. Further extensions place even loftier goals near $6.9 and $7.00. Martinez, with the confidence of a seasoned navigator, predicts a journey to $4.90, followed by a brief respite, and then a final surge to the $6.90-$7.00 territory in the coming weeks.

The DeFi Chronicles: A Near Record High

The total value locked in Sui-based DeFi protocols, a testament to the resilience and growth of the ecosystem, stands at $2.150 billion-a 4% decline over the past 24 hours, yet perilously close to its zenith. Data from DefiLlama, the chronicler of all things DeFi, reveals a meteoric rise from a mere $500 million a year ago to over $2 billion today. This ascent, marked by a significant acceleration since late April 2025, has been nothing short of remarkable, despite the occasional dip in fortune.

21Shares Expands Its Empire in Europe

21Shares, the purveyor of crypto exchange-traded products, has added two new offerings to its arsenal on the SIX Swiss Exchange. The 21Shares Sui Staking ETP (ASUI), a vehicle for those who seek the thrill of staking SUI while mitigating risks, and the 21Shares XDC Network ETP (XDCN), which grants direct exposure to the enigmatic XDC, now stand ready to broaden the horizons of European investors. These additions, joining the ranks of 21Shares’ existing products on Euronext Amsterdam and Paris, promise to bring these digital assets within reach of a wider audience across the continent.

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2025-08-15 13:20