SUI Surges Past Bullish Flag Pattern, Targets $10 Amid ETF-Driven Market Optimism

SUI, the native token of the Sui blockchain, has broken out of a bullish flag and falling wedge pattern, indicating a potential continuation of its upward trend. The token is now eyeing $10 as a midterm price target, which WOULD represent a 150% increase from current levels.

Technical analyst Captain Faibik highlighted the breakout on social media, noting the SUI/USDT pair's rebound from $3.51 to $4.04—an 8.56% daily gain. This movement aligns with growing enthusiasm around cryptocurrency ETFs, which appears to be boosting sentiment across the digital asset market.

On-chain data supports the bullish outlook, with the breakout suggesting sustained buying pressure. Traders are awaiting confirmation of the $10 target, which would mark a significant achievement for the relatively new blockchain project.