SUI consolidates within a $1.6–$2 range, signaling strong demand and re-accumulation on higher timeframes. The chart structure suggests a potential breakout targeting the $20 zone if momentum continues to build. Liquidity grabs and higher lows point to sustained accumulation before a possible parabolic upside.
SUI has remained in the same band of consolidation between $1.6 and $2 indicating good interest by buyers. The trendline compression is indicated by technical indicators, indicating that the asset may soon be close to a big breakout.
Re-Accumulation Patterns Indicate Strong Demand
The current market structure for SUI reflects a period of high-timeframe accumulation as price consolidates within the $1.6–$2 range. This area has emerged as a key demand zone, repeatedly absorbing selling pressure and attracting institutional-level buying. Each test of this range has produced swift rebounds, signaling that the asset is being accumulated rather than distributed.
Analyst Crypto Patel (@CryptoPatel) shared a chart illustrating that SUI is forming a breakout structure with the potential to target the $20 mark. The setup demonstrates a recurring pattern of liquidity grabs, where the price briefly dips below support zones before rapidly reversing. These movements often trap short positions, allowing larger market players to build long exposure quietly.
The repeated rebounds near this accumulation zone mirror historical behavior seen in earlier market cycles. Each liquidity grab was followed by substantial upward extensions, supporting the view that the token is preparing for a broader directional move. Such patterns generally precede the end of prolonged compression phases and signal renewed market interest.
Compression Within Trendlines Signals Breakout Readiness
The chart layout of SUI shows that the chart is a long-term falling wedge pattern developing in an upward channel which means that the momentum is gradually regaining. The tighter the price action comes to the apex of the wedge the more likely the traders can expect a sharp breakout especially when it is accompanied by increasing volume. Patel’s analysis suggests that a decisive move above the mid-channel resistance could validate this setup.
The visual projection identifies a potential 1,128% upside move, which would align with a breakout toward the $20 region. While the scenario represents a longer-term possibility, it emphasizes how SUI’s structure is evolving from accumulation to potential expansion. The narrowing trendlines, when paired with volume increases, often mark the early stages of major market reversals.
Moreover, the presence of long wicks on the lower candles shows consistent rejection of downside attempts. This candle behavior reflects active demand absorption, a technical signal that often appears before large directional shifts. As long as price maintains above the $1.6 support, buyers may continue to control the structural bias.
Technical Structure Points Toward Gradual Upside Development
The green accumulation zone on the chart serves as the foundation of SUI’s current strength. The region is also a measure of weak to strong hands where short-term traders bar their exit as long-term players gain strength. These changes can be followed by the prolonged rise, especially when the sentiment in the broader sense is cautious.
On a condition that the price maintains above the breakout region and continues to experience high inflows of the volume, the setup may develop into a parabolic extension. There will be a probability of intermediate resistance zones near $5, $8 and $12 before the estimated target of about 20. The continuation would be assured by sustained closes over these levels, and not exaggerated rallies.
At the time of writing, SUI is trading at $2.14 a 6.77% increase in the last 24 hours and its trading volume is more than $1.42 billion. The token has performed well in the past week and has repaired itself by 8.78 despite its normal volatility over this period of consolidation. The continuous accumulation process is reiterated in this activity and this implies that the asset is still in readiness to make its next big directional move.