Date: Sun, June 01, 2025 | 04:56 AM GMT

The cryptocurrency market has kicked off June on a bullish note, bouncing back after a brief pullback in late May. Major altcoins are starting to show signs of recovery — and two of the most notable movers are Bittensor (TAO) and Sui (SUI), both flashing similar bullish reversal patterns.

Source: Coinmarketcap

TAO and SUI Forming Bullish Butterfly Patterns

As shown in the chart, TAO (left) has made a strong recovery from its recent low of $366, forming a textbook Bullish Butterfly Harmonic Pattern. This technical formation often signals a major reversal point — and it did just that. TAO has surged over 19%, reaching $437, where it now sits right at its 0.618 Fibonacci retracement level, often considered the first major resistance zone.

If buying momentum holds, $TAO could climb further toward the 1.0 Fibonacci extension at $479.91. However, if the momentum fades, this 0.618 level may act as a reversal point, potentially leading to a temporary pullback before any further move up.

TAO and SUI Tokens Chart/Coinsprobe (Source: Tradingview)

Meanwhile, on the right side of the chart, $SUI appears to be following a nearly identical setup. After dropping to a recent low of $3.05, it has started to recover, now trading around $3.28. This structure resembles TAO’s earlier movement, and if the pattern continues to play out, SUI could lead a fresh rally towards the 0.618 Fibonacci level at $3.82, followed by a possible target at $4.29 (1.0 fib level) — an upside of 31% from the current price.

Final Thoughts

Bittensor (TAO) has already led the rebound and is testing a critical resistance zone. From here, it may either face a short-term reversal at the 0.618 Fibonacci level or continue higher toward the 1.0 extension at $479.91, completing the bullish harmonic move.

On the other hand, SUI is slightly behind in its structure but is now showing early signs of a similar rally. With momentum building, SUI is likely to lead a move toward its 0.618 Fibonacci level at $3.82, possibly following TAO’s path if the bullish sentiment continues across the market.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.