Sui (SUI) Primed for Explosive Rally: Dual Bullish Pattern Signals $27 Target Ahead

Sui's chart is flashing not one, but two bullish signals—and traders are scrambling for position. The Layer 1 token could be gearing up for a run that'd make even Bitcoin maximalists glance sideways.

Technical breakout or hopium overdose? Let's break it down.

The setup: A textbook ascending triangle pairs with a falling wedge reversal. When these patterns converge, they often trigger violent upside moves. Price action suggests $27 isn't just possible—it's the minimum viable target if resistance cracks.

Volume tells the real story. Accumulation spikes mirror the 2023 rally that shot SUI 400% in six weeks. Market makers appear to be reloading, with OI-weighted funding rates staying neutral despite spot demand.

Of course, no crypto pump is complete without Wall Street's usual suspects 'discovering' the asset just as retail FOMO peaks. Watch for suddenly bullish analyst notes if SUI breaches $15.

Here's the cynical kicker: This could all evaporate faster than a Sam Bankman-Fried alibi. But for now, the charts say buckle up.

Technical Combo Sets Stage for SUI Surge – Analyst

In an X post on June 27, PlanD shares an interesting price analysis that reveals the formation of two bullish patterns – the bull pennant and the inverse head and shoulder (H&S) – on the SUI daily chart. Both patterns currently FORM a confluence of technical indicators suggesting the altcoin is preparing for a major price rally as the second half of 2025 approaches.

The inverse head and shoulder pattern is a common bullish reversal pattern. Amidst SUI’s price correction in Q1, the altcoin formed the left shoulder at $2.42 in February and head at $1.74 in April with a recent price bounce off $2.62 appearing to form the right shoulder. PlanD describes $2.62 as a critical support level in this bullish set-up, the validity of which ensures a potential price breakout.

In studying PlanD’s technical analysis, the inverse H&S currently has a neckline of $4.25, breaking past which confirms the bullish price reversal with a price target set at $10.74.

Meanwhile, The bull pennant is a common chart pattern marked by a strong price uptrend (flagpole), followed by a descending channel (pennant) that precedes a price breakout similar to the length of the flagpole. Based on the analysis presented by PlanD, prior bull pennants on the sui chart have successfully resulted in explosive rallies as seen in 2023 and 2024.

Notably, SUI bullish price action from mid 2024 to its ATH in January followed by a descending price movement since then represents the latest bull pennant. Based on the initial price surge (flagpole), PlanD presents a SUI long-term price target of $27, representing a potentially 10x gain on current market prices.

SUI Price Overview

At the time of writing, SUI trades at $2.69 following a 2.23% price gain in the past day. Despite its struggles in the last month, the altcoin still boasts of 226.33% price gain in the last year ranking as one best performing coins in the present market cycle.