- The SUI price compresses within a triangle as traders watch a key breakout decision zone.
- Strong accumulation forms below resistance, with price holding firm at flipped support levels.
- Repeated bounces from the 2.02–2.20 zone confirm bullish pressure ahead of the triangle apex.
SUI forms a triangle pattern near key support while analysts track tightening momentum ahead of a potential breakout. Price action reveals accumulation behavior as market structure compresses, aligning with bullish setups tied to Bitcoin’s ongoing strength.
SUI Technical Structure Signals Bullish Compression Formation
The SUI/USDT 8-hour chart shows symmetrical triangle consolidation, with price bouncing between converging trendlines from early April levels. A strong support band holds between 2.0172 and 2.2047, forming a reactive accumulation area that has defended recent downside attempts. Resistance targets include 2.2772, 2.4926, and 2.8256, marking potential upside ranges if momentum shifts through the triangle’s upper bounds.
<embed> https://x.com/CryptoMichNL/status/1914299328635572718 <embed/>
Market analyst Michaël van de Poppe, above, provided a detailed technical analysis of this setup within a broader cycle-based price structure framework. With momentum building, he provides further insight into how buyers step in as price retests flipped resistance into confirmed support levels. Observing recent SUI price behavior, he explains that this flip reflects increased confidence from participants accumulating below exponential moving averages.
In this pattern, the analyst sees strength building ahead of the apex, signaling that a breakout decision point is approaching fast. From this consolidation, he draws a connection between strong SUI ecosystem growth and technical stability near long-standing support zones. By tracking previous resistance levels, he explains that clearing 2.2772 would activate a target extension toward 2.8256.
Another Analyst, CryptoCandy, Confirms the Bullish Setup
Another analyst, CryptoCandy, confirms the bullish setup by examining the same triangle pattern and reaction zone across recent sessions. He focuses on consistent bounces within 2.0172 to 2.2047, indicating clear accumulation just beneath resistance and moving average thresholds. That development prompted him to examine historical structures supporting volatility expansion after similar compression patterns and trendline setups.
Source: Crypto Candy
In analyzing the trend, he identifies that each triangle test has seen price rejection followed by reentry near the same demand area. With the current retest, Crypto Candy observes directional pressure rising as compression narrows ahead of the triangle’s April 21 apex. In the context of this move, he outlines a potential breakout path targeting $2.82 short-term and $10 midterm.
