Sui (SUI) To Rise Further? Key Pattern Suggests Potential Upside Move
By: coinsprobe|2025/05/08 22:00:11
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Date: Thu, May 08, 2025 | 01:40 PM GMTThe cryptocurrency market continues to build on its recent strength, with Ethereum (ETH) leading the charge. ETH has climbed more than 24% over the past month and is now trading above the $1,950 mark — its highest level in months. This resurgence is also helping to lift sentiment across major altcoins, including one standout performer: Sui (SUI).Following a sharp correction in Q1, SUI has bounced back strongly — rising 85% over the past 30 days and trimming its year-to-date losses to just around 8%. Now, recent price action and chart patterns suggest that more upside could be on the way.Source: CoinmarketcapPower of 3 Pattern in PlayZooming into the 4-hour chart, SUI seems to be forming a textbook “Power of 3” pattern — a technical framework often observed in smart money trading that involves accumulation, manipulation, and expansion.Sui (SUI) 4H Chart/Coinsprobe (Source: Tradingview)Accumulation Phase: Between April 25 and May 3, SUI traded in a tight range, peaking at $3.87. This range acted as the accumulation zone where large players quietly built up positions.Manipulation Phase: On May 3, the price dipped sharply below the established range, falling to a low of $3.12. This move likely triggered stop-losses and forced retail traders out — a classic shakeout strategy often referred to as a “fake-out.”Expansion Phase: Following the shakeout, SUI rebounded quickly and is now trading near $3.81 — back within striking distance of the key resistance level at $3.87, which marks the top of the prior range.What’s Next for SUI?If SUI manages to break and hold above the $3.87 resistance, it would confirm the expansion phase of the Power of 3 setup. From there, the next potential target sits around $4.62, marking a possible 21% gain from the breakout level.This target also aligns with the green “potential zone” plotted on the chart, suggesting that bulls may already be eyeing that region for the next leg higher.Final ThoughtsWhile nothing in crypto is ever guaranteed, the technical setup for SUI looks promising. With the market overall showing signs of recovery and SUI breaking out of its manipulation phase, this altcoin could be ready for a fresh expansion rally.That said, traders should watch for a clean breakout above $3.87 with solid volume before considering it a confirmed move. Failing to break this level could lead to further consolidation or even a pullback.Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
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