Date: Mon, July 14, 2025 | 09:06 AM GMT
The cryptocurrency market has entered historic territory today, with Bitcoin (BTC) soaring to a new all-time high of $123,000. Ethereum (ETH) is riding this bullish momentum too, posting an 18% weekly gain. This wave of bullishness is also lifting major altcoins — and Sui (SUI) is standing out with a strong surge.
The Layer-1 token has gained 13% today, pushing its weekly performance up by 34%. But what’s grabbing traders’ attention isn’t just the price jump — it’s the appearance of a textbook harmonic pattern on the chart that could point to more gains ahead.
Harmonic Pattern Hints at Bullish Continuation
On the daily chart, SUI is forming a clear Bearish ABCD harmonic pattern — one of the most reliable setups used by technical traders. The pattern began in April from point A, with a strong rally to point B, followed by a correction to point C near $2.29 in late June.
Since forming point C, SUI has rebounded sharply and is now trading near $3.91. This final leg (from point C to point D) is still in progress, and if it continues following the classic ABCD structure, the pattern may complete at the 1.272 Fibonacci extension — which points to a target near $4.87.
What’s Next for SUI?
If the pattern plays out fully, SUI could climb another 24% toward the $4.87 level — a zone that marks the Potential Reversal Zone (PRZ). This area often acts as a final resistance point before a pullback, and traders may look to take profits around this region.
However, a healthy retracement toward the 200-day moving average near $3.25 could occur before the final D point is reached. Holding above that support would be critical for keeping the bullish structure intact.
With sentiment across the broader crypto market still strong, and the ABCD pattern developing in textbook fashion, SUI remains one to watch closely in the coming days.
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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