Date: Tue, Dec 16, 2025 | 07:10 AM GMT
The cryptocurrency market remains under notable selling pressure as the total crypto market capitalization dropped by 3.71% over the past 24 hours. This broader pullback triggered heightened volatility across digital assets, resulting in more than $653 million in liquidations, with long positions absorbing the majority of the losses.
This wave of downside pressure has spilled into major altcoins, including Sui (SUI), which declined by over 5% during the correction. Despite the weakness, the higher-timeframe chart is beginning to reveal a technical structure that suggests downside momentum may be fading and a potential rebound could be forming.
Harmonic Pattern Hints at Potential Upside
On the daily timeframe, SUI appears to be completing a Bullish Shark harmonic pattern, a structure that often emerges near market lows when selling pressure becomes exhausted. This pattern typically signals the possibility of a trend reversal once the final leg completes within its defined support zone.
The formation began with the initial O–X impulse move around the $1.75 area, followed by a strong rally that peaked near $4.25 at point X. From there, price retraced sharply toward point A before pushing higher again to establish point B near the $4.40 region. After failing to sustain that move, SUI entered a prolonged corrective phase, sliding steadily lower into point C near the $1.30 demand zone.
This C-leg completion is critical for the Bullish Shark structure, as it typically represents the exhaustion point of the corrective trend. The chart shows buyers stepping in precisely within this region, triggering a bounce that has lifted SUI back toward the $1.47 area. The reaction suggests that demand is actively defending this harmonic support zone, marking early signs of a potential trend shift.
What’s Next for SUI?
If the harmonic structure continues to hold, SUI could be setting up for a broader recovery phase. The first key area to monitor lies near $1.78–$1.80, where previous supply intersects with the declining 50-day moving average. A sustained move above this level would strengthen the bullish case and confirm that momentum is shifting back in favor of buyers.
Beyond that, the next upside zone sits near the $2.30 region, aligning with the prior A-point of the structure. A stronger expansion could eventually bring the $4.40 area back into focus, which marks the B-leg high and a major historical resistance zone.
However, the bullish scenario remains dependent on price holding above the C-leg support. A breakdown below this region would invalidate the harmonic setup and reopen the door for deeper downside continuation. For now, the structure remains intact, and the market appears to be transitioning from distribution into stabilization.
As long as buyers continue to defend the harmonic demand zone, SUI may be in the early stages of carving out a meaningful rebound.
Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
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