The broader cryptocurrency market has recently endured a sharp correction, with major assets like Ethereum (ETH) recording their worst first-quarter performance since 2018—falling by a staggering 52% year-to-date. This downward pressure has rippled across the altcoin space, intensifying investor caution and resulting in substantial losses.
Sui (SUI) has not been spared, with the token losing approximately 45% of its value since the beginning of 2025. However, a shift in macroeconomic sentiment has injected new optimism into the market. Following U.S. President Donald Trump’s announcement of a 90-day suspension on tariffs, global risk assets—including cryptocurrencies—have begun to recover. In the past 24 hours alone, SUI has climbed over 8%.
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A Breakout in the Making?
Despite lingering skepticism, the technical chart of SUI presents an intriguing possibility: the emergence of a repeating fractal pattern that may signal a major bullish breakout on the horizon.
SUI Daily Chart /
A closer examination of the chart reveals two prominent falling wedge formations—one completed in mid-2024 and another currently taking shape. Falling wedges are typically seen as bullish reversal patterns, and notably, the previous occurrence preceded a remarkable 500% rally over a span of several months.
What makes this setup particularly compelling is the structural similarity between the two wedges. In both instances, SUI's price action closely tracked the 50-day moving average before ultimately breaking out. At present, the token appears to be repeating this behavior, with price tightening near the same moving average.
The circled zones in both patterns appear strikingly similar, reinforcing the potential for history to repeat itself. If this fractal holds true, SUI may be positioned at the brink of another significant upward move.
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What’s Next for SUI?
If the current technical setup plays out as it did in the past, SUI could be preparing for a substantial bullish breakout, with price targets potentially reaching above $4 in the coming weeks. A clean breakout above the 50-day moving average would serve as an important confirmation of trend reversal and bullish momentum.
However, a failure to reclaim this level may result in continued consolidation or a possible short-term pullback. With market sentiment gradually improving, all eyes are now on SUI’s behavior around this pivotal resistance zone.
