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Key Takeaways:
- AMINA Bank adds regulated SUI support, signaling rising institutional interest.
- SUI shows bullish reversal signals at $3.50, with technical and social momentum aligning.
- Liquidation pressure favors upside, raising chances of a short squeeze-driven breakout.
Swiss-based AMINA Bank has become the first regulated financial institution to offer trading and custody for Sui (SUI), marking a significant milestone in institutional adoption. Announced on August 5th, this move immediately boosted market sentiment and triggered a surge in on-chain activity.
Within 24 hours of the news, SUI saw 1.28 million new addresses added, bringing the total to nearly 258 million. This rapid growth suggests rising confidence in SUI’s potential—not just as a speculative token, but as a foundational blockchain asset.
Technical Reversal Hints at Breakout Potential
After a steep correction, SUI has stabilized around the $3.50 mark, a historically strong support level aligning with the Volume-Weighted Average Price (VWAP). The appearance of a double bottom pattern at this zone further strengthens the bullish case.
This convergence of technical support and institutional adoption could trigger a breakout toward $5. If the current support holds, it would validate accumulation trends and likely attract more buyers.
Retail Traders and Social Buzz Add Fuel
Retail interest has also surged. According to CoinGlass, Binance traders show a Long/Short Ratio of 2.15, with over 68% holding long positions. While high leverage can increase volatility, this skew suggests retail traders expect upward continuation.
Simultaneously, SUI’s social dominance hit 2.2%, its highest in months. Such spikes in online chatter often precede price volatility, especially when tied to strong catalysts like institutional support.
CoinGlass data indicates SUI is trading just above a cluster of short liquidation levels, with little resistance until $3.88. If price begins to rise, it could trigger cascading liquidations, resulting in a rapid squeeze and heightened momentum.
Also Read: Why the Ripple vs SEC Lawsuit Still Isn’t Over in August 2025
This scenario aligns with growing institutional interest, retail positioning, and bullish technicals—setting the stage for a potential breakout.
With AMINA Bank’s regulatory backing, user adoption surging, and a supportive technical setup, SUI appears poised for a major move. If bullish sentiment holds and shorts are squeezed, a swift rally toward $5 is increasingly plausible.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
