SUI Price Tension Builds — Is an Explosive Breakout Imminent?
SUI is drawing significant attention as price action tightens into a key range on the weekly SUI/USDT chart. Following a period of sharp decline and sideways consolidation, the token is now hovering above a crucial support zone, suggesting a potential trend reversal could be on the horizon. Notably, SUI has formed a symmetrical triangle — a classic technical setup that often precedes a major breakout. Although the price recently slipped below the triangle’s lower trendline, analysts from Atres Crypto Academy noted this could have been a classic bull trap — a temporary shakeout before a strong bullish reversal.
A snapback into the triangle, accompanied by convincing momentum, would likely invalidate the breakdown and signal that bulls are regaining control. In that case, upside targets could stretch as high as $3.50 or beyond. Further supporting the bullish case, SUI is currently testing a falling wedge pattern, having dropped 37% from its May highs. The asset now trades between $2.70 and $3.00 — a historically strong demand zone. Analysts like WEBBZ.SUI believe that a confirmed breakout above this level could propel prices toward $4.50–$5.00, while a failure to hold support could see the token revisiting the $2.00 region.
On shorter timeframes, momentum appears to be building. On Gemxbt’s 1-hour chart, SUI is consolidating near $2.85 and holding above the 5, 10, and 20-hour moving averages — a sign of short-term strength. Despite recent pullbacks, SUI has surged nearly 7x in under a year, climbing from $0.60 to above $4.00, pointing to growing market interest and confidence in the project.
Adding to this momentum, Emilio Crypto Bojan highlighted a surge in fundamentals: DeFi aggregator volume on the network has crossed $45 billion, rising 19% in the last month. Positive sentiment continues to build, reinforcing the narrative that SUI's fundamentals may finally be aligning with its price action. With strong support intact and a potential breakout looming.
