- Sui (SUI) has surged 56% over the last 30 days as the crypto market recovers, with Ethereum bouncing back 31% since its April 9 low.
- SUI appears to be forming a 'Power of 3' technical pattern on the 4-hour chart, which includes accumulation, manipulation, and expansion phases.
- The token is currently trading at ~$3.44 and could potentially rally to $4.59 (18% upside) if it breaks above the key resistance level of $3.87.
- Bulls must defend the $3.27 support level, as a breakdown below this price would invalidate the bullish pattern and halt the rally.
Date: Mon, May 05, 2025 | 02:50 PM GMT
After a rough start to 2025 — where even Ethereum (ETH) slid by 45% in Q1 — the crypto market is finally showing real signs of recovery. ETH has bounced back by 31% since hitting its April 9 low, and this newfound bullish energy is rippling across the altcoin space.
One standout in this resurgence? Sui (SUI), the Layer 1 platform that’s staging a strong comeback of its own. Over the last 30 days, SUI has surged by 56%, catching the attention of traders and analysts alike.
But technicals now suggest this might only be the beginning.
Power of 3 in Play?
Looking into the 4-hour chart, SUI seems to be painting a textbook Power of 3 setup — a well-known price cycle that includes accumulation, manipulation, and finally, expansion.
- Accumulation Phase: SUI traded sideways between April 25 and May 3, consolidating within a tight range.
- Manipulation Phase: On May 4, it dipped below support, likely triggering stop-losses and shaking out weaker holders — a classic fake-out move.
- Expansion Phase: Now back above the prior range and trading at ~$3.44, SUI appears to be gearing up for a move higher.
The key resistance lies at $3.87, the top of the prior consolidation box. If SUI can break and close above this level, the chart suggests a potential rally toward $4.59 — an 18% upside from the breakout zone.
That said, bulls must defend support at $3.27. A breakdown below this level would invalidate the bullish pattern and put the rally on pause.
Final Thoughts
The technical setup for SUI is compelling, especially with the broader crypto market regaining strength. If the Power of 3 pattern plays out, SUI may be on the verge of another leg higher.
Still, caution is key — confirmation above $3.87 is essential, and holding $3.27 support is equally important to keep the bullish structure intact.
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