- SUI trades near $3.6 after a year-long accumulation, forming a bullish flag beneath resistance.
- Market data shows strong DeFi growth with $2.56B TVL and steady network liquidity support.
- A breakout above $3.9 could trigger targets at $7.34, $8.60, and $10.86 as momentum builds.
Sui (SUI) maintains a bullish technical setup after almost a year of accumulation inside a symmetrical triangle. Market compression has concluded, and a bullish flag has formed beneath the triangle’s resistance. A breakout appears programmed, with upside targets at $7.3480, $8.6075, and $10.8625.
Accumulation Phase Nears Completion as Compression Ends
Alex Clay noted that SUI has built a clear bullish structure through nearly a year of price compression within a symmetrical triangle. The asset currently trades near $3.54, supported by the $2.20–$2.80 accumulation zone.
Historical price movement confirms that SUI rebounded from the $1.25 low, creating higher lows and maintaining upward structure throughout the consolidation period. Chart observations show a bullish flag forming just below the triangle’s resistance, suggesting increasing buying pressure.
Once the resistance is breached, technical projections indicate continuation toward Fibonacci extension levels aligned with $7.3480, $8.6075, and $10.8625. According to BitGuru, a double bottom pattern has also formed near $3.4, showing strong buyer activity. Sustaining above this zone could trigger a move toward $3.7–$3.9 in the short term, while a drop below $3.4 may delay momentum.
DeFi Metrics Strengthen Market Outlook
Data from DeFiLlama shows Sui’s total value locked (TVL) at $2.557 billion, marking a 1.81% daily rise. Stablecoin capitalization stands at $896.21 million, supporting ecosystem liquidity. Decentralized exchange volume reached $844.78 million, while perpetual trading volume totaled $170.73 million, indicating strong participation.
SUI trades around $3.63, with a market capitalization of $13.18 billion and a fully diluted valuation of $36.36 billion. Technical indicators show stability, with the RSI at 53.67 and a positive MACD histogram reflecting balanced momentum.
Analysts are watching for a breakout above $3.9 to confirm continuation. If achieved, the move could open a path toward $7.34, $8.60, and $10.86, confirming the bullish structure “on the table,” according to analysis shared by Alex Clay.
