Date: Tue, May 27, 2025 | 12:05 PM GMT
The cryptocurrency market has staged an impressive rebound this quarter, with Ethereum (ETH) leading the charge. After climbing over 40% in Q2, ETH is now trading above $2,550, having recently touched a high of $2,700 — a level last seen in February. The renewed momentum is sparking interest across the altcoin space, and one project standing out in particular is Sui (SUI).
The Layer-1 token has posted solid gains of 40% over the last 60 days, and now, it’s flashing a classic bullish setup that traders may want to keep an eye on.
Power of 3 in Play?
Zooming into the 4-hour chart, SUI appears to be forming a textbook “Power of 3” pattern — a price behavior that unfolds in three distinct phases: accumulation, manipulation, and expansion.
Accumulation Phase
Between May 8 and May 24, SUI traded in a tight, sideways range between $3.66 and $4.27. This consolidation zone, highlighted by the shaded gray box in the chart, represents the accumulation phase. During this time, volatility remained low, with price action giving little indication of where the next move might be. Behind the scenes, however, smart money may have been building positions in anticipation of a future breakout.
Manipulation Phase
On May 24, SUI suddenly broke below the range, falling sharply to as low as $3.40. This quick dip likely shook out late buyers and triggered stop-loss orders — a move often seen during the manipulation phase of the pattern. The sharp drop creates fear and uncertainty, but in this case, it may have simply been a trap before the next leg up.
Now, SUI is bouncing back and attempting to reclaim the $3.66 level. Holding above this area would suggest strength returning to the trend and would mark the beginning of the third and most explosive stage.
What’s Next for SUI?
If the price manages to confirm a breakout above the $4.27 resistance — the upper boundary of the prior range — SUI could enter the expansion phase. Based on the chart, the projected upside target sits near $5.14, implying a possible 44% move from current levels.
Such a breakout would validate the Power of 3 structure and signal that SUI is entering a bullish continuation phase. After a move toward $5.14, the market may see a distribution zone form, where early buyers begin taking profits.
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