SUI Price Primed for 3x Surge as Recurring Bullish Pattern Reemerges

ZAYK Charts has spotted a potential breakout for SUI, suggesting the cryptocurrency could be headed for major gains in the near future.

Zayk Charts has spotted a potential breakout for SUI, suggesting the cryptocurrency could be headed for major gains in the near future.

The technical analysis from Zayk Charts focuses on the SUI/USDT trading pair on a 3-day timeframe, highlighting a recurring bullish pattern. The chart showcases three instances of the falling wedge pattern—a continuation pattern where the price action is contained between downward-sloping trendlines converging toward a point in the apex of the pattern.

The first falling wedge formed in 2023 following a sharp decline, and when the price broke out, it triggered a strong rally. A second, more extended wedge formed over several months between 2023 and 2024, again leading to a swift upward move after the breakout. Currently, a third falling wedge with very similar structure is developing, with the price approaching the breakout zone.

"The Same Trajectory" - Next Target $7

Based on the height of the previous breakout moves, Zayk Charts has projected a price target of around $7 for SUI after the anticipated breakout from the third falling wedge. This target is highlighted by a green box on the chart, showcasing the potential for a significant rally.

This prediction is supported by several chart features. The repeated falling wedge patterns have consistently generated strong upward price action after the apex of the pattern is crossed. Moreover, the market has shown resilience with healthy corrections and no signs of sharp crashes, indicating underlying strength in the cryptocurrency.

In their analysis, Zayk Charts concludes that "SUI will follow the same trajectory," with the "Next Target being 7$." The analyst's confidence stems from the historical chart patterns that suggest another breakout similar to the previous two instances could push SUI to new highs.