$SUI has spent more than a year sliding through a widening story of lower highs and lower lows, and this week's chart adds another chapter to that tale. The token is trading near $0.7357, dow
$SUI has spent more than a year sliding through a widening story of lower highs and lower lows, and this week's chart adds another chapter to that tale.
The token is trading near $0.7357, down close to 2.6% on the day, sitting right against the edge of a pattern that has quietly compressed for months.
For anyone following this SUI price prediction, the token now sits at the tip of a descending wedge, the kind of setup where a long downtrend either loses its grip or tightens once more before deciding its next move.
According to CoinGlass data, $SUI's open interest has climbed to $596.54M as of August 29, 2026, holding near the higher end of its recent range even as the price has cooled.
Long/short ratios echo that positioning: OKX shows a 3.1 ratio in favor of longs, while Binance's top trader accounts run at 2.8285.
Liquidations tell a rougher story over 24 hours, with $1.59M wiped out, most of it, $1.53M, from long positions caught on the wrong side.
Binance dominates futures volume at $228.47M, trailed by OKX and Bybit near $71.75M and $61.66M.
On performance, $SUI is up 7.32% over 30 days but down 12.86% for the week and 18.76% over 90 days.
As per CoinMarketCap data, SUI carries a market cap near $3B against a circulating supply of 4.07B tokens out of a 10B total supply, with 24-hour volume at $371.67M.
On-chain data shows the network has processed close to 15.91B total transactions across more than 229 million accounts, with validators staking over 7B SUI at a yield near 1.48%, a backdrop that quietly supports this SUI price prediction.
Signal
What It Shows
Bullish
Long/short ratio favoring longs across major exchanges; open interest climbing; 30-day return positive
Bearish
Price down close to 13% over the week; extended run of lower highs and lower lows
Neutral
RSI near 41, leaning toward oversold without confirming it outright
As per the TradingView chart, SUI has been carving a descending wedge on the weekly timeframe for well over a year, each rally falling short of the last as the price range keeps narrowing.
That wedge has pulled the token down toward $0.7360, just above a deeper support at $0.4826, the level where the structure would need to hold.
Should the wedge break upside instead, the next levels SUI can go toward stack up in order: $1.3993, $1.9967, $2.6775, $3.5666, and eventually $4.3308, levels that would reshape this SUI price prediction entirely.
The weekly RSI (14) reads 40.99, below the midpoint without yet dropping into deeply oversold territory, a sign the story still has room to swing either way.
According to the CoinGabbar analyst desk, SUI's extended run of lower highs and lower lows has pushed the token into a genuinely compressed spot, and compression like this eventually resolves one way or the other for any SUI price prediction.
A hold above $0.4826 keeps the broader structure intact and leaves room for a pullback toward the wedge's upper boundary, while a slip below that level would reopen a very different chapter.
Either way, the coming weeks look set to answer a question this chart has been building toward for over a year.
Disclaimer: This article is for informational purposes only and should not be considered financial or investment advice. Cryptocurrency markets are highly volatile; readers are advised to do their own research before making any decisions.
