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SUI Chart Signals Major Move as Wedge Pattern Tightens

SUI Chart Signals Major Move as Wedge Pattern Tightens

CryptotaleCryptotale2025/03/01 06:00
By:Cryptotale Staff
SUI Chart Signals Major Move as Wedge Pattern Tightens image 0
  • SUI token is holding firm at $2.80 while traders wait for a significant breakout.  
  • The falling wedge pattern suggests that SUI may rise if it breaks past $3.00 soon.  
  • Market activity is increasing as traders anticipate sharp price movements in SUI.

Sui is nearing a pivotal moment as its daily chart has formed a falling wedge—a pattern historically associated with bullish breakouts. Crypto analyst Satoshi Flipper has highlighted this setup, noting the narrowing price range as SUI approaches the apex. The token trades at $2.8458, marking a +3.55% gain for the day. The bid-ask spread remains minimal at $2.8359/$2.8360, reflecting heightened market interest. As price action narrows, the likelihood of a sharp breakout increases, with traders closely watching key resistance and support levels.

SUI Chart Signals Major Move as Wedge Pattern Tightens image 1 Source: X

$2.80 Demand Zone Holds as Buyers Accumulate

SUI has been in a downtrend since peaking above $6.50, forming a pattern of lower highs and lower lows. The wedge’s upper trendline has repeatedly rejected bullish attempts, while a key support zone highlighted in yellow, has served as a strong demand area. This level represents a historical accumulation zone, where buyers have stepped in to absorb selling pressure. The longer SUI consolidates within this structure, the greater the breakout pressure becomes. If the lower boundary holds, a rapid upward move could unfold as sellers exhaust their momentum.

The psychological $3.00 level is the immediate resistance, and a decisive breakout above it could spark strong buying momentum, potentially driving SUI toward $5.00 or higher. If volume accompanies the breakout, past price action suggests a strong rally could follow. However, failure to reclaim resistance could prolong consolidation, keeping traders on edge.  

Related: Chainlink, Cardano, and Sui Traders Watch Key Price Levels

Breakout Watch: Will SUI Confirm the Move?

With the wedge pattern nearing its final stages, traders are watching for confirmation. A high-volume breakout above $3.00 could signal the start of an extended bullish run, with technical targets corresponding to previous resistance levels. Conversely, a breakdown below $2.80 could invalidate the pattern, exposing SUI to further downside risk. The increasing price action suggests volatility is imminent, and the next few daily closes could determine the token’s short-term trajectory. Whether SUI surges or stalls, market participants are bracing for the next decisive move.

The post SUI Chart Signals Major Move as Wedge Pattern Tightens appeared first on Cryptotale.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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