SUI Targets 75% Rally After Triangle Breakout by October

Sui (SUI) looks poised to undergo a sharp price rally owing to a mix of strong technical and fundamental indicators. Let’s have a look.

SUI Retests $3.30 Successfully with $6.90 Target in Focus

Sui’s native token, SUI, broke out of a months-long symmetrical triangle and quickly returned to retest the upper trendline as support—at around $3.30.

The price held that line, validating the breakout and keeping buyers in control. Based on the triangle’s measured move, the next objective sits near $6.90, about 75% above current levels on major spot pairs.

Volume has normalized after the spike around the breakout, while the 50-3D exponential moving average trends upward beneath the price.

The relative strength index (RSI) hovers near neutral-bullish territory, which leaves room for follow-through before momentum risks overheating.

Grayscale Trusts and Swiss Banks Boost SUI Rally Potential

Institutional access to SUI expanded this week.

On Aug. 12, Grayscale launched investment trusts focused on Sui’s core protocols, giving professional investors regulated exposure without direct token handling. These vehicles often serve as entry ramps for traditional finance and can deepen secondary-market liquidity over time.

For instance, the SUI price went from $0.60 to $5 after Grayscale launched a SUI-focused trust a year ago.

At the same time, Swiss banks Sygnum and Amina extended regulated custody, trading, and lending services for SUI.

Amina became the first regulated bank globally to support the asset, which may strengthen enterprise rails and improve counterparty confidence in the Sui network.

Earlier in August, Mill City Ventures completed a $450 million private purchase of SUI, adding the token as a core treasury holding.

Corporate balance-sheet allocation increases natural demand, narrows available float, and can stabilize funding for ecosystem growth, as the market has witnessed in the case of Ethereum recently.

Market structure across large-cap altcoins reinforces the bullish case.

Ether (ETH), Litecoin (LTC), Chainlink (LINK), and XRP (XRP) show similar breakout patterns after multimonth consolidations. Historically, synchronized breakouts during “altseason” improve breadth and attract systematic flows.

As capital rotates from Bitcoin and cash into high-beta assets, correlations tend to rise, which can accelerate trend continuations for mid-cap altcoins such as SUI.