SUI – Here’s how Swiss-regulated support could fuel a run to $5!

Key Points

1. Swiss-based AMINA Bank became the first regulated financial institution to support SUI trading and custody on August 5, leading to 1.28 million new addresses in 24 hours.

2. SUI's price stabilized around $3.50, aligning with the Volume-Weighted Average Price (VWAP), with potential for a breakout toward $5 if the retest holds.

3. Retail sentiment is bullish, with 68.3% of Binance traders holding long positions (Long/Short Ratio of 2.15), though excessive leverage may increase volatility.

4. SUI's Social Dominance peaked at 2.2%, indicating heightened retail interest that could fuel a breakout.

5. The Liquidation Map shows SUI's price ($3.53) is above dense short liquidation levels, favoring an upward breakout scenario if combined with bullish positioning and strong support.