- SUI’s chart structure reveals a maturing Cup and Handle pattern, signaling growing bullish momentum and long-term accumulation behavior.
- Horizontal support around $2.03 remains intact, acting as a crucial level and attracting consistent buyer interest across multiple testing phases.
- Oversold stochastic RSI below 20 suggests SUI could soon gain upward traction as market sentiment aligns with technical buying conditions.
SUI displays a maturing technical setup that may signal an impending upward move. The asset currently trades near key support levels with a clear Cup and Handle pattern formation evident on the higher timeframe.
Pattern Formation and Price Action
A recent tweet from CryptoELlTES stated, “SUI Mid-Term Target: $40 Technically, we are sitting in a prime buying zone. I expect an upward move to start soon!” This message reflects growing optimism among traders. The chart reveals three rounded bottoms that form two cup structures. The resistance zone between $2.25 and $2.40 has been tested repeatedly over the past few cycles. In mid-2023, early 2024, and recently in early 2025, the price approached this range before experiencing rejection and bouncing lower.
The latest bounce produced a higher low, suggesting that buyers are beginning to accumulate and build momentum. This cup and handle pattern is often seen as a signal for a strong upward continuation once the handle is confirmed.
Horizontal support around $2.25 appears critical in this setup. Price consolidation above this level indicates that buyers are actively defending it. When the price holds and then breaks above the resistance range, the measured move theory may project a target near $41. The projected target builds on the depth of the cup and aligns with the bullish sentiment expressed in the tweet.
Support, Retest, and Momentum Analysis
SUI traded near $2.19 at the time of writing, with the weekly trading range spanning from $2.55 at highs to $2.12 at lows. The support zone near $2.03, which previously acted as resistance, now serves as a pivot point for the asset. A retest of this support has confirmed its strength on multiple occasions. A breakdown below $2.03 would likely lead to further downside toward the $1.50 region, marking a critical area for traders.
Momentum indicators add further insight. The Stochastic RSI shows a %K of 2.19 and a %D of 1.71, placing SUI in deeply oversold territory. Such levels often set the stage for a short-term rebound, though the indicator has yet to show a bullish crossover. The oversold readings imply that selling pressure may be nearing exhaustion.
Market Sentiment and Future Outlook
Investor sentiment remains cautious but is showing signs of potential reversal. The established cup and handle pattern suggests that the market is in an accumulation phase. Traders focus on the $2.03 support and the resistance zone between $2.25 and $2.40. A confirmed breakout above this range could pave the way for a strong rally toward the $41 target. Conversely, a failure to hold support may lead to a sustained downtrend.
The current technical structure presents a critical juncture for SUI. The ongoing consolidation and oversold momentum provide a window for an upward move, aligning with the bullish forecast shared by industry voices.
