SUI Prepares for Potential Breakout as Analysts Predict Potential Prices

SUI’s Bollinger Bands have hit their narrowest range ever, with past squeezes leading to rallies of 253% and 404%.

Analyst Gordon notes a symmetrical triangle on SUI, projecting a possible breakout target between $5.00 and $6.00.

Key levels are $3.50–$3.60 for support and $4.20–$4.50 for resistance, with downside risks below $3.20.

SUI is entering a decisive phase as technical indicators show tightening consolidation and growing breakout potential. Data shows that its Bollinger Bands have contracted to the narrowest range ever recorded in the asset’s history

According to CryptoBullet, prior instances of such compressions led to explosive rallies, one of 253 percent between December 2023 and March 2024, and another of 404 percent between September and December 2024

With price currently holding around $3.62, analysts note that the setup could drive major volatility in the weeks ahead.

Coiling Momentum

Historically, sharp squeezes on Bollinger Bands have preceded steep upward expansions for SUI. In December 2023, a contraction led to a rally from $0.62 to $1.56. Another example occurred in September 2024, when price surged from $0.85 to $4.32 following a similar squeeze

SUI/USDT 1-week price chart, Source: CryptoBullet on X

The present contraction is the most extreme reading to date, which analysts argue increases the probability of another strong move. Technical readings show that SUI has regained the midline of the Bollinger Bands, supportinging bullish momentum

Furthermore, Fibonacci retracement zones at 0.618 and 0.786 levels have consistently acted as strong support during prior uptrend bases. Based on Fibonacci extensions, projections suggest an upside range between $8.50 and $10.00 if the pattern holds.

Symmetrical Triangle

Alongside the Bollinger Band squeeze, analyst Gordon identifies a symmetrical triangle structure forming on the weekly timeframe. The pattern features an ascending support beginning near $2.00 and a descending resistance capped around the $4.20–$4.50 region. This compression shows buyers pressing higher lows as sellers fail to extend dominance.

SUI/USD 1-week price chart, Source: Gordon on X

The breakout potential from the triangle can be measured using the height of the formation, which stretches from $2.00 to $7.50. Based on this calculation, analysts estimate a breakout projection toward $5.00–$6.00 once resistance near $4.50 is reclaimed.

Support and Resistance Levels

Maintaining strength above $3.50–$3.60 is important for sustaining the current upward structure. According to CryptoBullet, holding this support increases the chance of repeating earlier large expansions. Gordon adds that reclaiming $4.20–$4.50 could act as the breakout trigger for renewed momentum buying.

However, analysts also note risks. A breakdown below $3.20 could delay the bullish case and shift attention back toward the $2.50 region. The convergence of these factors places SUI at a key point where both volatility and directional clarity are expected soon.

The post SUI Prepares for Potential Breakout as Analysts Predict Potential Prices appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.