SUI’s Triple Top Formation Signals a Classic Crypto Reversal—Time to Buy the Dip?

SUI just painted a textbook reversal pattern on the charts—and traders are scrambling to decode what comes next.

The triple top formation—a bearish omen when confirmed—could spell trouble for recent buyers. But here's the twist: every breakdown is someone else's buying opportunity in crypto's perpetual game of musical chairs.

Technical traders are watching the neckline like hawks. Break below support? Expect liquidations. Hold firm? Another rally might be brewing while the 'smart money' quietly accumulates.

Funny how these 'classic patterns' only become obvious after three failed attempts—almost like Wall Street's playbook, but with more memes and less regulation.

SUI Weakens After Forming Triple Top Near $3.085

Crypto Sat recently stated in a post on X that sui has just printed a classic Triple Top pattern on the 15-minute chart — and the outlook is not looking bullish at the moment. 

According to crypto Sat, the three peaks labeled Top 1, Top 2, and Top 3 are formed near the $3.085 zone, with each successive peak showing less momentum. Now, the price is breaking down below the $2.995 level, which had been acting as the neckline support for this pattern.

This breakdown below the neckline support signals that the bullish effort is weakening and opens the door for potential further downside movement. Traders should watch this key level closely as it may set the tone for the next price action.

Key Takeaways from Crypto Sat’s Analysis

According to Crypto Sat, several key technical signals have emerged on SUI’s chart, reinforcing the bearish implications of the recently formed Triple Top pattern. Pattern Identification: Crypto Sat considers the pattern as a classic indicator of trend exhaustion, where repeated failed attempts to push higher signals weaken bullish pressure.

Support Breakdown: The drop beneath the $2.995 neckline, which Crypto Sat identifies as a key support, marks a bearish turning point. Next Support Targets: Crypto Sat points to the next important support levels between $2.92 and $2.87, which could act as potential zones for price stabilization or further selling if breached.

Volume Confirmation: The breakdown below support occurred alongside an uptick in volume, reinforcing Crypto Sat’s view that downside momentum is gaining strength and the bears have the upper hand for now.

In line with Crypto Sat’s analysis, this technical pattern and volume-backed breakdown highlight increased downside risk ahead unless a strong bullish reversal emerges. The analyst further cautioned that if buyers fail to step in promptly, the price may soon retest the $2.85 to $2.87 support zone in the short term. While it is still early in the move, the breakdown structure is clearly in place. Traders should monitor the situation closely for signs of a potential bounce or continued selling pressure.