SUI is showing strong momentum, but the current consolidation could be forming an M-pattern — a bearish setup that might push the price down into my green box buy zone.
A bounce from this area has historically delivered solid profits, and the setup looks similar to previous cycles where we saw strong recoveries.
This pattern isn’t unique to SUI — it’s part of a broader market structure we’re seeing across many altcoins, suggesting a shared macro setup that could present multiple buying opportunities.
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The altcoin market just saw a solid pump, following the massive BTC and ETH institutional billion-dollar purchases.
On the Daily timeframe, we’re actually printing higher lows, showing clear market strength. The top of the range was rejected, and now it’s highly probable that the crypto market will enter a consolidation phase — a move that could push several altcoins into my buying zones.
💡 Reminder: My buying zones are areas where it’s statistically safer to buy and hold, with an almost guaranteed chance of making a solid profit on the next bounce.
What could spark the infamous Altseason?
Many altcoins share one thing in common: a major resistance line (marked in yellow). For them to pump to the moon, this line needs to be broken.
We’re also seeing a price compression — meaning the breakout could be imminent. This pullback might be your last chance to enter a long position before the real Altseason kicks off.
Possible Altseason catalysts:
📉 FED Interest Rate Cut of 1% or more.
📈 Institutional adoption through altcoin index ETFs — imagine BlackRock launching ALT10, ALT50, ALT100 ETFs, attracting massive institutional money into the altcoin market.
I believe both events could happen before the end of the year.
DYOR — but the window might be closing fast. 🚀
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