{"id":45178,"date":"2025-09-02T04:02:20","date_gmt":"2025-09-02T04:02:20","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=45178"},"modified":"2025-09-02T04:02:20","modified_gmt":"2025-09-02T04:02:20","slug":"sui-eyes-3-90-as-supply-shrinks-and-bulls-defend-crucial-support","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=45178","title":{"rendered":"SUI Eyes $3.90 as Supply Shrinks and Bulls Defend Crucial Support"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li>SUI is trading near $3.20 support with targets set at $3.53 and $3.90 if held.<\/li>\n<li>A falling wedge pattern may lead to a reversal, but breakout confirmation is still missing.<\/li>\n<li>Over 1.9M SUI removed from circulation as token burns and freezes continue rising fast.<\/li>\n<\/ul>\n<h2>Price Action Near Key Support<\/h2>\n<p>After reaching a high of $3.90 earlier in August, the token has pulled back and is currently priced around $3.18 to $3.28 (Coingecko data). Analysts are closely tracking the $3.20 support, which has held several times before.<\/p>\n<p>SUI has seen multiple short-term rallies from the $3.20 area. The most recent one reached $3.53, and earlier this month, it moved as high as $3.90. Each move <a href=\"https:\/\/cryptopotato.com\/sui-bounce-imminent-chart-hints-at-major-rally\/\" data-wpel-link=\"internal\">upward<\/a> has been followed by lower highs, which may suggest weakening buying momentum.<\/p>\n<p>Crypto analyst BitGuru stated that if the $3.20 level holds, \u201cbuyers could step back in, targeting $3.53 first and potentially a run toward $3.90 again.\u201d However, he also warned that \u201closing $3.20 might invite deeper downside pressure.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$SUI<\/a> is trading at $3.23, holding near short-term support after multiple pullbacks.<\/p>\n<p>If this level holds, buyers could step back in, targeting $3.53 first and potentially a run toward $3.90 again. Losing $3.20, however, might invite deeper downside pressure. <a href=\"https:\/\/t.co\/ZBGUQrjXtq\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/ZBGUQrjXtq<\/a><\/p>\n<p>\u2014 BitGuru (@bitgu_ru) <a href=\"https:\/\/twitter.com\/bitgu_ru\/status\/1962429641039266087?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">September 1, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>At present, the token is sitting just above or around this critical level. A breakdown may lead to further selling unless a quick recovery follows.<\/p>\n<h2>Falling Wedge Formation Signals Possible Shift<\/h2>\n<p>Another chart shared by Gordon shows SUI trading inside a falling wedge pattern. This structure is often linked to potential trend reversals when <a href=\"https:\/\/cryptopotato.com\/raoul-pal-predicts-crypto-shake-up-sol-and-sui-to-outshine-eth-and-btc-in-2025-cycle\/\" data-wpel-link=\"internal\">confirmed<\/a> by a breakout.<\/p>\n<p>Notably, the support level at $3.18 has held several times. In a previous wedge, the price broke out and continued higher. A similar setup is now forming.<\/p>\n<p>Still, the price has not yet broken above the descending trendline. Gordon suggested a possible long-term move, <a href=\"https:\/\/x.com\/AltcoinGordon\/status\/1962415285991801321\" data-wpel-link=\"external\" target=\"_blank\">stating<\/a>: \u201cWe will revisit this at $10,\u201d though no timeline was given.<\/p>\n<p>The setup remains open-ended. Price must break the wedge before a new upward trend can be confirmed.<\/p>\n<h2>Onchain Activity Adds Supply Pressure<\/h2>\n<p>Data from Sui Intern <a href=\"https:\/\/x.com\/suintern_\/status\/1962445355942883369\" data-wpel-link=\"external\" target=\"_blank\">shows<\/a> that SUI has now passed 285 million accounts, reflecting steady network growth. At the same time, on-chain data from @eyezenhour points to over 1.9 million SUI removed from circulating supply due to burns and freezes.<\/p>\n<p>According to the post, token burns are linked to gas usage and validator rewards. Freezes come from staking and system-level locks. The post <a href=\"https:\/\/x.com\/eyezenhour\/status\/1962150693386719383\" data-wpel-link=\"external\" target=\"_blank\">added<\/a>:<\/p>\n<blockquote>\n<p>\u201cThe less there is to sell, the harder it is to stop a move once it starts.\u201d<\/p>\n<\/blockquote>\n<p>This reduction in float may add pressure to price over time, especially if demand continues to rise.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/sui-eyes-3-90-as-supply-shrinks-and-bulls-defend-crucial-support\/\">SUI Eyes $3.90 as Supply Shrinks and Bulls Defend Crucial Support<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR SUI is trading near $3.20 support with targets set at $3.53 and $3.90 if held. A falling wedge pattern may lead to a reversal, but breakout confirmation is still missing. Over 1.9M SUI removed from circulation as token burns and freezes continue rising fast. Price Action Near Key Support After reaching a high of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-45178","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/45178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45178"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/45178\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}