SUI Shows Bullish Patterns Amid Market Downturn, Analyst Eyes $27 Breakout

Sui (SUI) has experienced significant downward pressure, losing 23.25% over the past month and trading as low as $2.35—a 56.44% drop from its January all-time high of $5.35. Despite broader market uncertainty, technical analyst PlanD identifies a bullish dual pattern forming on SUI's daily chart, signaling potential for a major breakout.

The convergence of a bull pennant and an inverse head-and-shoulders (H&S) pattern suggests a possible rally as the second half of 2025 approaches. The inverse H&S, a classic reversal signal, has developed with a left shoulder at $2.42 in February, a head at $1.74 in April, and a right shoulder now forming at $2.62. Holding this support level could validate the setup and trigger upward momentum.

PlanD's analysis highlights $2.62 as a critical threshold. A confirmed breakout from these patterns may propel sui toward ambitious targets, with some speculating a climb to $27. Market participants are closely watching for confirmation of this technical thesis as Sui navigates volatile conditions.