- SUI price is showing a major break from the support trendline in a symmetrical triangle pattern that has been driving a long-term sideways trend since November 2024.
- In mid-August, Grayscale launched two new single-asset trusts, Deep and Wal, in addition to its existing SUI trust products.
- Amid the current price correction, SUI buyers could recover at the immediate support levels of $1.58 and $1.44.
On November 14th, SUI price fell by more than 5.51% and reached the current trading price of $1.77. This decline coincides with an extended correction in the broader crypto market and a significant liquidation of the majority of major assets. Despite increasing sales pressure, SUI Network has recorded significant growth since last quarter and has unveiled significant developments to strengthen its utility in the market. Will fundamental support push prices up and prevent further downtrend?
SUI expands institutional footprint with new trust and bank consolidation
SUI, the native cryptocurrency of the SUI blockchain, has experienced a significant correction from its July 2025 high of $4.44 to its current trading price of $1.77, accounting for a 60% loss. Despite falling prices, the SUI ecosystem expanded its presence in traditional finance through targeted investment products and key partnerships.
In mid-August, asset management company Grayscale launched two single-asset trusts from the SUI blockchain: Deep (made by DeepBook) and Wal (made by Walrus). These products, available to accredited investors through a private placement, are Grayscale’s first comprehensive stack on one chain, built on the existing SUI Trust, which will be used to infuse capital into Sui’s liquidity and data layers.
Swiss regulators Sygnum Bank and Amina Bank will introduce SUI’s services in July and August, including custody, spot trading, derivatives, staking and collateralized lending services under FINMA rules. Signum’s off-balance sheet storage protects customer assets from the risk of bankruptcy, and AMINA launches as the first global regulated SUI operations provider.
In July 2025, custody technology company Fireblocks introduced full SUI integration. This allows institutions to use multi-party computing wallets to securely store SUI and ecosystem tokens, simplifying compliant onboarding for banks and funds. SUI’s listing on Robinhood increased its retail exposure.
Nasdaq-listed SUI Group Holdings (formerly Mill City Ventures (ticker SUIG)) capped the quarter by raising $450 million in late July, with 98% of the proceeds going toward purchasing 81 million SUI tokens at an average price of $3.65. In early August, the company expanded its holdings to over 101 million tokens and has since acquired $500 million. The treasury, staked at a 3% yield and backed by the Sui Foundation, will provide open market SUI liquidity as global institutional crypto allocations surge by 45%.
Technical deployments were introduced to mainnet in August, enabling FIDO2 passkeys for biometric and multisig authentication, Seal’s threshold encryption for oracle and ID apps, and Ika Network’s MPC for seamless bridgeless transfers between Bitcoin, Ethereum, and Solana. Protocols like Native and Rhei Finance have piloted these for BTC liquidity pools and multi-chain yields.
On-chain metrics steadily increased. Average daily DEX trading volume reached $456 million, an increase of 24% from Q2 and an all-time high. Of the $7.89 billion DeepBook V3 deal, Cetus received $170.7 million and Momentum received $91.2 million.
SUI’s market capitalization increased by 23.3% to $11.63 billion, outpacing the 20.7% increase in the cryptocurrency market. DeFi TVL increased 19.9% to $2.11 billion, thanks to Momentum’s TVL of $277.5 million, up 147%, and Cetus’ $82.8 million.
SUI pricing waives annual support
With today’s drop of over 7%, the SUI price shows a decisive breakdown below the support trend line of a well-known technical pattern called the triangle. Since November 2024, the coin price has resonated within two converging trend lines in a pattern, driving a long-term sideways trend in the market.
If buyers lose the trendline at the bottom of the pattern, sellers can gain more control over the asset and trigger a prolonged correction. Amid this technical failure and broader market correction, SUI price may fall another 8% to $1.58 before retesting to $1.44.
SUI/USDT – 1D chart
Therefore, despite the recent developments in the last quarter, the short-term outlook for SUI prices appears to be bearish, which could foster a slow but steady upward trend in the long term.
