- SUI forms inverse head and shoulders, targeting $4.10–$4.29 if support at $3.75 holds.
- Despite a $260M hack on Cetus Protocol, buyer interest remains strong near the $3.90 zone.
- On-chain sentiment recovers as ecosystem support and technical rebound drive bullish momentum.
SUI is showing early signs of a bullish reversal after completing a textbook inverse head and shoulders pattern. The token surged to a high of $4.2911 before pulling back to retest key support. Price is now trading within a critical entry zone of $3.78 to $3.90, where strong buyer activity is expected.
Price Pattern Suggests Bullish Momentum Could Continue
According to analysis prepared by Ameba on X, SUI is testing the breakout trendline and could exit its recent range. If the price holds above the current support zone, the next targets are $4.10 and $4.29. The pattern signals potential upside continuation if volume confirms the move near the $4.10 mark.
Trader_XO noted that SUI, along with other major altcoins, is presenting quality trading opportunities for those monitoring accumulation structures. Spot purchases in the $3.78–$3.90 range could benefit if the price sustains bullish momentum. The inverse head and shoulders breakout pattern provides a clear technical base for this movement.
In the short term, the stop-loss level sits just below $3.75. Holding this zone is key for bulls to maintain control. Price action around $4.10 will likely determine if SUI can reclaim recent highs and push higher.
Ecosystem Faces Pressure After Hack, Yet Buyers Step In
According to reports by Lookonchain and confirmed by Cetus Protocol on X, SUI’s largest decentralized exchange experienced a $260 million hack. The attacker exploited smart contracts by manipulating liquidity using fake tokens, draining real assets like USDC and SUI. Over $60 million in ETH has since been moved to Ethereum.
Despite this event, on-chain sentiment remains positive. Binance founder Changpeng Zhao stated, “We are doing what we can to help SUI.” The broader ecosystem is stabilizing as developers and validators paused contracts and coordinated a response.
SUI’s price has recovered much of its initial drop, trading near $3.90. The technical recovery aligns with renewed buyer interest, suggesting that bulls may aim to reclaim $4.29 and potentially seek further gains.
