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- SUI price holds firm within a bullish triangle with resistance set at $4.50 and $5.5 as the breakout target.
- Robinhood listing boosts retail access, lifting sentiment to positive levels.
The price of SUI may be close to a big breakout after being listed on Robinhood. Notably, the coin is moving inside a bullish ascending triangle, and experts say that if it rises above $4.50, it could climb further toward $5.50.
This comes as more people are feeling positive about SUI per its listing on one of the biggest trading platforms in the U.S.
Robinhood Listing Opens the Door for Traders
On August 19, Robinhood added SUI to its trading app. This gives millions of U.S. users the chance to buy and sell the coin directly. For many small investors, Robinhood is the first stop when entering the crypto market. The move is expected to increase interest and trading activity in SUI.
At the time of writing, the SUI price was $3.45, showing a daily loss of 3.21%. Even with the drop, the coin is holding above a rising support line that has been in place since June. Buyers have stepped in at higher levels each time, keeping the upward trend alive.
The SUI chart is forming an ascending triangle. This pattern shows higher lows building against a ceiling of $4.46 to $4.50. A break above that ceiling could open the way for a rally of about 57%, with $5.5 as the next target. If the support near $3.40 fails, the bullish case could weaken.
It is worth noting that market mood is also shifting. Data from Santiment shows that weighted sentiment has climbed back into positive territory, now at +0.533. Earlier in the month, the number was negative, showing doubt among traders. The improvement suggests investors are feeling more confident about SUI.
Notably, this marks another big update for U.S. users on Robinhood. As detailed in our last piece, Robinhood now lets users in the United States stake Ethereum and Solana starting from just $1, except in states where it is restricted.
Chart Signals Point to Next Move
Technical analysis backs up the SUI bullish picture. The 14-day Money Flow Index, which tracks inflows and outflows, is at 48.75. This level is neutral, showing a balance between buying and selling. If the index rises above 60, it would signal stronger inflows and add to the chance of a breakout.
The setup remains clear, SUI is trading in a bullish pattern, sentiment is improving, and the Robinhood listing adds fuel at the right time. Traders are watching the $4.50 line closely. A break above it could be the trigger for a sharp move toward $5.5.
For now, the SUI price is steady above its support line. The next test will come when it rechallenges the resistance. If buyers manage to push through, SUI could soon deliver the breakout that traders have been waiting for. This outlook boosts the call to HODL from analysts.
