SUI Price Primed for Breakout as Bullish Reversal Patterns Emerge

SUI/USDT is showing tightening consolidation on weekly charts, with symmetrical triangle and falling wedge patterns suggesting impending volatility. The asset's 37% drop from May highs is now testing a crucial $2.70-$3.00 support zone, which has historically sparked buying interest.

Analysts observe that a recent dip below the triangle's lower trendline might be a bull trap, with Atres crypto Academy indicating a false breakdown could precede a sharp upward reversal. A confirmed breakout would initially target $3.50, while WEBBZ.SUI identifies $4.50-$5.00 as secondary targets if momentum builds.

Hourly charts indicate consolidation around $2.85, with traders monitoring for either a decisive reclaim of pattern boundaries or a breakdown toward $2.00 support. Market participants await the resolution of this technical standoff, which typically precedes significant directional moves exceeding the prior consolidation range.