- SUI has broken out of a weekly falling wedge and surged 140% from recent lows, signaling a strong bullish reversal.
- Analysts now target a new all-time high above $5 as momentum continues to build.
SUI, one of the crypto market’s emerging altcoins, is grabbing headlines again as it breaks out of a long-standing falling wedge pattern on the weekly chart—an event that often precedes powerful rallies. Following this breakout, SUI has surged by an eye-catching 140% from its recent lows, reigniting bullish sentiment and prompting analysts to set their sights on a new all-time high (ATH) above $5.
At the time of writing, SUI is trading at $3.97, just weeks after confirming its breakout. According to analysts, this movement marks the end of a consolidation phase, characterized by the falling wedge formation, and the beginning of a new bullish leg for the crypto asset.
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Technical indicators across multiple timeframes—particularly the daily and weekly charts—reinforce this outlook. One notable pattern is the Head-and-Shoulders formation observed on the one-hour chart, which supports the bullish narrative. Breakouts across several timeframes tend to signal strong upward momentum, drawing in both short-term traders and long-term investors.
SUI’s performance isn’t just about price action—it’s also outperforming in trading volume, recently overtaking BNB and even flipping LINK in market cap rankings. These shifts in volume and visibility add to the growing investor confidence.
Analysts now project that SUI will not only retest its previous ATH of $5.37 but could soon break through it. A successful push above this resistance could open the door to uncharted territory, where the price could rally significantly without overhead barriers.
The current market sentiment mirrors the optimism seen in 2024, when SUI was hailed as one of the bull run’s top contenders. As momentum builds, the altcoin seems poised to deliver on that early promise—and possibly more.
With eyes now on the $5 milestone, SUI’s breakout could be just the beginning of a much larger rally.
