SUI Defends $1.40 Support, Technical Setup Eyes $1.80 Breakout
Sui (SUI) is showing resilience by holding above the key $1.40 support level, currently trading at $1.52 with a modest 0.60% gain over the past 24 hours. The market cap sits at $5.77 billion alongside $1.45 billion in trading volume, indicating a period of consolidation rather than a continuation of recent pullbacks.
A symmetrical triangle pattern has formed on the daily chart, suggesting an imminent directional move. Analysts are pointing to $1.80 as the pattern's upper boundary, with a successful breakout potentially accelerating upside momentum. CryptoPulse highlights the pattern's historical reliability, while analyst Ali Martinez observes a fresh buy signal that has previously preceded notable rallies.