$SUI The daily chart shows that the Sui token peaked at $5.36 earlier this year before plunging to $2.34 last week, following a broader altcoin sell-off triggered by Trump’s tariffs. This bottom level coincided with the 61.8% Fibonacci retracement level, a key support area derived from the golden ratio in the Fibonacci sequence.
Sui has also formed a falling wedge pattern, a common bullish reversal indicator. This pattern consists of two descending and converging trendlines, with a breakout typically occurring when the lines are about to converge.
As a result, Sui is likely to rebound and potentially retest its all-time high of $5.36, which would represent a 65% increase from its current level.
