💥 SUI Price Tension Builds — Is an Explosive Breakout Imminent?
Price movement tightens inside a range on the #sui/usdt weekly chart, drawing attention. After declining and consolidating, the asset is stabilizing near crucial support levels. Structure shows the asset may be ready for a trend change.
SUI developed a symmetrical triangular squeeze, which precedes explosive movements. The price dropped below the lower trendline, signaling a possible collapse. Atres Crypto Academy observed on X that this may have been a bull trap, a shakeout before a strong reversal.
SUI snapping back into the triangle with significant momentum would indicate that the breakdown was a false move and bulls may be resuming control. The goal would be $3.50 or higher for an upward breakthrough.
Bullish reversal setup: SUI price movement is falling wedge. Since plunging 37% from its May highs, the cryptocurrency is challenging a critical support zone between $2.70 and $3.00, which has historically generated purchasing activity. WEBBZ. SUI said that a breakout might push the token to $4.50 to $5.00, and if support fails, the next crucial level will be $2.00.
On Gemxbt's 1-hour chart, the price is consolidating around $2.85 and stabilizing above the 5, 10, and 20-hour moving averages, indicating strength and support.
SUI has quietly risen about 7x from around $0.60 to over $4.00 in less than a year, despite pullbacks. The token's price performance shows its rising popularity.
Emilio Crypto Bojan said fundamentals are catching up to price activity. DeFi aggregator volume has topped $45 billion, up 19% in 30 days, and positive emotions are rising.
SUI is strengthening after maintaining the important support zone around $2.70, signaling a rebound. The market structure favors a reversal if the bulls act strongly.
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