After a lengthy cool-down interval following its early-year peak, Sui price appears to be returning to a key assist space that after fueled a huge rally. Many eyes are actually watching to see if historical past is perhaps making ready to repeat itself.
Sui token reached its all-time excessive of round $5 in January 2025 earlier than sliding again to the $2 vary. In keeping with a crypto analyst on X named Crypto Patel, the present zone for Sui between $2.1 and $1.8 is identical space the place liquidity was beforehand grabbed earlier than SUI launched into one in every of its strongest bullish runs.
Crypto analyst Crypto Patel shared a detailed chart that breaks down this setup visually. The chart exhibits that SUI has as soon as once more entered the identical inexperienced accumulation zone that triggered the earlier surge. It’s an space that usually attracts patrons who’re ready for discounted entries earlier than the following wave of momentum builds.
Chart Factors to a Potential Path Towards $20
The chart outlines a clear path that might ship the SUI value a lot larger if related market conduct performs out. After the liquidity seize, the following transfer might take a look at resistance zones between $3.5 and $4.8 areas that beforehand acted as main turning factors. If SUI can break by these obstacles and maintain, the technical projection factors to a attainable climb towards the $20 stage.
This state of affairs represents greater than a 1,000% improve from present costs. The setup mirrors the final robust breakout, the place SUI consolidated inside assist earlier than aggressively rallying upward. Patel’s chart highlights how intently the present market construction resembles that earlier sample, suggesting that a recent bullish leg will not be far off.
Regardless of its pullback, the SUI token has maintained its broader ascending channel a constructive signal for pattern followers. Worth motion inside this channel has proven a rhythm of dips into assist adopted by explosive recoveries. Every time, SUI has managed to construct larger lows, exhibiting that demand stays wholesome even throughout corrections.
One other element from Patel’s chart value noting is the fair value gap (FVG) that sits under the present vary. This hole was effectively stuffed earlier than, usually signaling that the market could have accomplished its draw back transfer. Mixed with the energy of the present re-accumulation zone, it paints a image of a token that’s stabilizing earlier than its subsequent enlargement part.
Could SUI Ship a 10x Rally Once more?
Predicting crypto strikes isn’t simple, however SUI’s setup appears to be like promising. If the value stays above the $2.1–$1.8 assist and positive factors energy, it might break the $4.8 resistance. That transfer may result in double-digit costs. The trendline and liquidity patterns additionally recommend the uptrend might proceed.
Learn Additionally: Why World Liberty Financial (WLFI) Could Dominate the Next Market Phase
Merchants usually search for repeating behaviors in charts, and SUI’s construction appears to echo its previous. Whether or not it will probably ship one other 10x rally relies on the way it performs in this important assist vary over the approaching weeks.
After months of consolidation, the market seems to be establishing for its subsequent main transfer. Crypto Patel’s evaluation exhibits how value patterns, liquidity zones, and pattern channels all align round this second the identical situations that after led to a robust breakout.
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