SUI has reached a critical support level, sitting directly on a trendline that has held strong since 2023. This trendline has repeatedly acted as a launchpad, triggering major rallies each time the price touched it.
Now that SUI has crashed back down to this support zone, the coin is once again testing a historically powerful level — and if the trend continues, another significant rally could be forming.
The native coin of the layer 1 blockchain platform, SUI, is currently testing the trendline that has supported it since 2023. Whenever the coin crashed to this trendline, the bulls always showed up and got SUI back on track.
Crypto analyst, Ali, noted that the last two spikes that SUI produced after hitting this trendline were massive. Two massive bull rallies, with one producing a 450% spike, while the other a 750% rally.
With SUI once again rebounding on the trendline, there could be another massive spike coming. So, is there one more rally? Let’s check the charts.
In the chart below, SUI is trading inside the symmetrical triangle, a bullish pattern. Inside a symmetrical triangle, buyers raise their lows while sellers lower their highs, creating a tightening range. Volatility gradually shrinks as the market coils, building pressure with every bounce.
As liquidity piles up on both sides, the pattern stores energy for a sharp breakout once one side finally wins. However, the pattern is not fully formed for a breakout to happen. As such, the coin could rebound further inside the symmetrical pattern until it is fully formed.
Currently, the coin is testing the lower trendline, and the Relative Strength Index (RSI) shows an oversold condition. This means that SUI is selling below the average price based on the present market conditions. As such, the coin will once again hit the upper trendline, which is close to $3.2.
When SUI breaks out from the symmetrical triangle pattern, it could go past $7. The typical technical target is calculated by taking the height of the triangle at its widest point and projecting that distance upward from the breakout level. This height represents the maximum amount of “stored energy” built up during consolidation.
If SUI follows this classic pattern behavior, the breakout could propel the price past $7, assuming the full measured-move target is reached. Essentially, the tighter the coil and the larger the initial height, the stronger and farther the post-breakout impulse can travel.
