SUI broke out of a symmetrical triangle structure forming for over a year, with July confirming the breakout beyond resistance.
The token is retesting former resistance between $3.50–$3.60, forming a potential new support base with visible buyer reentry behavior.
This breakout-retest pattern on SUI mirrors broader altcoin setups, suggesting a possible start of wider altcoin market trend reversals.
SUI has broken above a year-long symmetrical triangle pattern and is currently retesting key levels, signaling a critical market phase.
Technical Breakout After Prolonged Compression
SUI has moved past a large symmetrical triangle structure that has shaped its price action for over 12 months. The formation, defined by declining highs and rising lows, indicated sustained market consolidation. This breakout occurred in July as SUI surged beyond the descending trendline, forming a clear breakout on the chart.
According to market observer @el_crypto_prof, the current price movement represents a textbook breakout scenario. The token is now in retest mode, where it is attempting to validate the former resistance line as new support. The retest zone, highlighted around $3.50 to $3.60, has become a critical area. The formation of tight candles suggests buying interest is present, potentially confirming a stable base.
https://twitter.com/el_crypto_prof/status/1952697825612996827
Retest Zone Holds the Key for Next Move
The retest phase, as described in the tweet, shows constructive pullback behavior. A successful hold above the current level may allow SUI to begin its next rally phase. The immediate target stands near $5.20—the previous high—followed by a move into uncharted territory.
This technical structure is not unique to SUI but reflects the broader setup in the altcoin market. The pattern suggests that market sentiment may be shifting as several altcoins approach similar technical breakouts. Early movements like this often precede wider participation, especially if the setup holds.
Institutional Support Strengthens Market Position
Institutional adoption has added further momentum. @CryptoPatel reported that Swiss-based AMINA Bank is now the first regulated bank globally to offer support for SUI. The bank allows institutional investors to trade, custody, and soon stake SUI through a licensed and regulated platform.
https://twitter.com/CryptoPatel/status/1952719991490465863
This move opens regulated access to SUI and signals growing confidence in the asset. As institutional infrastructure expands, early-stage assets like SUI gain broader legitimacy and access to deeper capital pools. This development aligns with the breakout chart structure and could reinforce price stability above the retest zone.
