SUI Nears Breakout as Traders Circle $20 Target—Wall Street Still Doesn’t Get It

SUI’s chart structure tightens like a coiled spring—technical analysts whisper ’ascending triangle’ while leverage-happy degens load longs. The $20 target floats like a meme-stock promise, but this time, the fundamentals might actually justify the hype.

Move over, ’store of value’ dinosaurs. SUI’s throughput chops and Move language efficiency make it a dark horse for real-world adoption—assuming crypto traders remember what ’real-world’ means between degen sessions.

Bonus jab: If SUI hits $20, expect your bank’s ’blockchain strategist’ to finally notice it—right after their third espresso martini.

• SUI faces a short-term pullback as TD Sequential flashes a sell signal, with key support seen at $3.00–$3.50.
• Bullish technical patterns like ascending triangles hint at a potential breakout above $4.80 and a rally toward $10.
• The long-term outlook remains strong, with traders like Crypto Patel targeting $5–$20 depending on support strength.

The price of SUI, a rising star among altcoins, is flashing mixed signals as analysts expect a short-term pullback, but the long-term outlook remains highly optimistic. Following a strong rally that propelled sui to nearly $4.29, analysts are now watching for a temporary correction before another bullish wave potentially takes the token toward double-digit territory.

Top crypto analyst Ali Martinez recently spotted a TD Sequential sell signal on the 3-day SUI chart. This technical indicator is widely respected for its ability to predict trend exhaustion. A sell signal suggests that SUI’s recent uptrend may be due for a short cooldown, possibly leading to a price drop toward the $3.00 to $3.50 support zone.

Historically, this range has served as a launchpad for SUI’s upward momentum, making it a critical level for traders to monitor. If support holds firm, bulls may find an opportunity to re-enter and reignite a rally toward higher highs.

SUI Builds Momentum Toward Potential $10 Rally

Despite the immediate bearish signal, the broader technical framework for the coin remains promising. According to a recent analysis by Crypto Gems, multiple bullish formations, particularly ascending triangles on the 4-hour chart, hint at a possible continuation of the upward trend. Ascending triangles are often seen before breakout moves and are generally considered bullish patterns.

Should SUI break above the crucial resistance at $4.50, analysts believe it could quickly test $4.80. Surpassing this barrier WOULD validate a broader bullish reversal, potentially setting the stage for a dramatic surge toward the $10 mark in the coming weeks.

Renowned trader Crypto Patel emphasized the strength of SUI’s recent price action, noting a 130% rise from his initial entry point at $2.00 to a local high of $4.29. While Patel expects a healthy pullback to the $3.00 zone, he remains confident in the altcoin’s ability to resume its upward trajectory.

$SUI pumped 130% from our entry around $2 — now hitting $4.29! Bottom perfectly caught.

Expecting a healthy pullback to ~$3 before next leg higher — that zone is ideal for fresh entries.

Long-term targets: $5/$10/$15/$20#SUI #Altcoins https://t.co/cwdGCRdYLd pic.twitter.com/gIFzdosPrW

In Patel’s broader forecast, SUI could range between $5 and $20 in the medium to long term, depending on how well it holds its key support levels and whether it can continue attracting investor interest.

Short Pressure Builds as SUI Targets Major Breakout

Data from Coinglass adds a LAYER of complexity to the outlook, showing a shift in market sentiment. The long/short ratio for SUI currently stands at 0.9161, with short positions slightly outweighing long positions, 52.19% versus 47.81%. This tilt suggests traders are bracing for a short-term decline, possibly driven by profit-taking after the recent rally.

However, such positioning could also lead to a short squeeze if bullish momentum returns, pushing prices higher in a compressed move.

To MOVE decisively toward $10, SUI must reclaim and hold support above $3.00 while breaking above resistance at $4.80. These technical zones are critical confirmation points that could signal whether the recent rally was just a flash in the pan or the start of a sustained bull run.

Investor confidence continues to build, with many targeting an ambitious $20 price point. Structural support, increasing volume, and sustained network activity suggest that SUI may still be in the early stages of a larger breakout cycle.

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