Sui worth is exhibiting sturdy bullish momentum with its worth shifting to the $4 degree. Breakout of the falling wedge chart sample has been famous by a number of analysts, and it’s anticipated that the token might head in direction of the $10 degree.
Trading at $3.04 now, SUI has registered stable good points throughout the board. This features a 10.6% enhance previously 24 hours and 56.1% development over the previous week.
SUI worth eyes falling wedge sample breakout
Multiple cryptocurrency analysts have shared SUI’s latest technical breakout as a powerful indicator for future worth appreciation. In addition, analyst Crypto Rand described in a tweet the transfer as a large bull breakout on the primary downtrend channel. He prompt that the token is trying primed for additional good points. This sentiment is echoed by analyst Coinvo, who explicitly referenced the huge SUI falling wedge breakout.
Is everybody seeing this huge $SUI falling wedge breakout? 👀 pic.twitter.com/AQCDnli2Ip
— Coinvo (@ByCoinvo) April 24, 2025
The falling wedge sample is a bullish reversal formation that develops when worth makes decrease highs and decrease lows however with converging trendlines. This usually alerts the top of a downtrend. Analyst Michaël van de Poppe additional strengthened this outlook and famous {that a} sturdy breakout is going on and advising followers to think about being dip consumers within the coming development.
I’ll anticipate a path like this on $SUI to occur.
Pretty sturdy breakout taking place right here, the place you’d wish to be the dip purchaser within the coming development. pic.twitter.com/aMo5G9wEJR
— Michaël van de Poppe (@CryptoMichNL) April 24, 2025
The bullish case is strengthened by broader timeframe evaluation from Bitcoinsensus. The analyst recognized an ascending wedge sample forming since June 2023. He additionally shared a “bullish high time-frame confirmation with a break of trend on the RSI on the weekly.”
Price predicted to hit $10
Analysts have positioned large targets for SUI price on the technical breakout. Ledora, who refers to SUI as their “number 1 alt pick.” He predicted that the token will attain new all-time highs within the close to future and said “$10 is coded.” This is greater than a 200% premium from the present worth.
$SUI is my #1 alt decide
And simply as anticipated – it’s by far the strongest performing alt over the previous few days.
i instructed u ATHs quickly, 10$ is coded. https://t.co/kipWm63zZN pic.twitter.com/7ftzOVmhUx
— Ledora (@ledoraeth) April 23, 2025
A extra correct technical prediction is by Bitcoinsensus, who has set a subsequent goal worth at $11.50 for SUI on the week-long timeframe. This is in accordance with SUI’s conduct inside an ascending wedge construction since June 2023, in addition to the latest bullish affirmation by the Relative Strength Index (RSI) on week-long charts.
$SUI Massive Price Projection Target🔥
Sui has been shifting in waves inside this ascending wedge that has been forming since June of 2023.
We now additionally have gotten a bullish excessive timeframe affirmation with a break of development on the RSI on the weekly.
Next worth goal for $SUI on… pic.twitter.com/T4F5nxU5RY— Bitcoinsensus (@Bitcoinsensus) April 23, 2025
SUI’s newest efficiency knowledge confirm such optimistic expectations. The token has gained 31.2% over the previous month. Even in one-year efficiency, the token has grown by a staggering 150.1%.
The token is changing into extra notable, as seen by its place among the many prime 5 made-in-America cryptocurrencies, as per CoinGecko figures. SUI is at quantity 5, barely behind solely XRP ($125B), Solana ($76.3B), USDC ($61.8B), and Cardano ($24.4B) amongst made-in-America digital currencies.
CoinGape has additionally dove into the potential SUI price prediction, which exhibits a 46% bullish chance.
Vignesh Karunanidhi
Vignesh Karunanidhi is a seasoned crypto journalist with practically 7 years of expertise within the cryptocurrency business. He has contributed to quite a few publications, together with WatcherGuru, BeInCrypto, Milkroad, and authored over 10,000 articles
Disclaimer: The offered content material might embody the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability on your private monetary loss.
