SUI Price Set for Major Rally as Sui Group Announces $50M Buyback Program

SUI is displaying strong bullish technical indicators as it consolidates within an ascending triangle pattern, with resistance NEAR the $4.1-$4.2 range. A breakout could drive prices toward $5.1-$5.2, representing potential upside of approximately 44% from current levels.

This bullish momentum aligns with strategic moves from sui Group. The Nasdaq-listed company now holds over 100 million SUI tokens following a recent acquisition of 20 million tokens. Its $50 million stock buyback program demonstrates institutional confidence in both its equity and the broader Sui ecosystem.

Volume contraction during the consolidation phase typically precedes significant breakout movements. The pattern's formation of higher lows suggests accumulating buyer interest, with the current price of $3.58 presenting an attractive entry opportunity ahead of potential upward movement.