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SUI Prepares to Enter Long Spot Trade With $5.35 Target

SUI Prepares to Enter Long Spot Trade With $5.35 Target

byRajpalsinh Parmar
September 10, 2025
in Cryptocurrency News

Key Highlights

  • Sui prepares to enter a long spot trade if the token breaks and holds above $3.60
  • Experts set the target with key profit-taking levels of $4.10 to $5.35
  • Despite a positive outlook, the Sui blockchain faces backlash for recent hacks        

According to expert analysts, SUI is likely to reclaim the overhead resistance, which suggests a potential long opportunity. This analysis sets the next stop to watch for the price to reclaim the $3.60 level, turning it from resistance into solid support. 

$SUI 1D Chart🚨

We are looking for the price of SUI to reclaim the overhead resistance, into support, where it would make sense to enter into a LONG SPOT trade👇

▶️ Entry – Enter a long spot trade at the break and positive retest of the $3.60 level of support.

▶️ 1st TP -… pic.twitter.com/UrpP2frmd0

— The Sniper Club (@RealSniperClub) September 10, 2025

This is a successful break, and a retest of this level would be the ideal signal to enter “long spot trade.”

The trade setup stated in this analysis comes with ambitious profit targets. The first take-profit zone is set between $4.10 and $4.50, which represents a potential 14-25% gain. The final target lies between $5.00 and $5.35, which would equate to a nearly 39-49% increase from the entry point. 

To manage risk, a stop-loss is recommended just below $3.30 to protect against a downward trend.

At the time of writing, SUI is trading at around $3.60 with a 3.31% hike and an impressive market capitalization of $12.85 billion. Despite its positive outlook, the Sui network is slowly losing users’ trust due to various reasons. 

Sui Faces Backlash after Hacks, Losing Users’ Trust

In 2025, the Sui network is facing a serious crisis of confidence after a devastating string of security breaches that have cost users hundreds of millions of dollars. These incidents have raised tough questions about the blockchain’s fundamental security.

The most damaging event was the catastrophic hack of Cetus Protocol in May 2025. As the largest decentralized exchange on this blockchain network, Cetus was considered a pillar of the ecosystem. 

In this hack, hackers exploited a loophole in its smart contracts, manipulating price feeds to steal $223 million from key liquidity pools. The fallout was immediate and very dangerous as the value of the token itself plunged by 15%, and 46 other tokens built on the network saw double-digit losses, wiping out investors’ portfolios and shattering their trust.

However, this was not a single incident. Just a month before, in December 2024, a separate $29 million theft of Sui tokens happened. 

Most recently, the Nemo Protocol was hacked for $2.4 million. A clear pattern has come into light, which revealed critical vulnerabilities, especially in the complex systems that connect Sui to other blockchains, known as cross-chain bridges.

In the wake of these hacks, a deeper skepticism about Sui’s very structure has taken root. Prominent industry figures like Jesus Martinez of Legion and Justin Bons of CyberCapital have publicly criticized the network’s level of decentralization. 

Their central argument points to the actions of Sui’s validators, who made the controversial decision to freeze $162 million of the stolen funds from the Cetus hack. 

This erosion of trust has tangible consequences. Developers and projects are now actively exploring alternatives. Competing layer-1 blockchains like Hyperliquid, Aptos, and Solana are gaining attention for their high-speed performance and, crucially, their perceived stronger security and commitment to permissionless infrastructure. 

There are already signs of an exodus. Reports indicated that the Lion Group, a DeFi protocol, is planning to migrate from Sui to Hyperliquid. The reason behind it is very clear, which is its robust security and decentralized governance model. 

The Sui Foundation has announced a $10 million security initiative and provided a loan to help cover the losses from the Cetus exploit. These are steps aimed at stabilizing the situation and rebuilding shattered trust. 

However, for many in the community, these actions feel reactive. The persistent security issues and the underlying concerns about centralization continue to drive users and valuable projects toward competitors, threatening Sui’s long-term position in the highly competitive world of decentralized finance.

Also Read: Sui Price Eyes Breakout as SUI Group Treasury Tops $344M

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Rajpalsinh Parmar

Rajpalsinh Parmar

Rajpal is an experienced crypto journalist with three years of experience, specializing in various sectors such as NFTs, the Metaverse, and more.

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