Date: Sun, 01, 2025 | 04:56 AM GMT
The cryptocurrency market has kicked off June on a bullish note, bouncing back after a brief pullback in late May. Major altcoins are starting to show signs of recovery — and two of the most notable movers are Bittensor (TAO) and Sui (SUI), both flashing similar bullish reversal patterns.
TAO and SUI Forming Bullish Butterfly Patterns
As shown in the chart, TAO (left) has made a strong recovery from its recent low of $366, forming a textbook Bullish Butterfly Harmonic Pattern. This technical formation often signals a major reversal point — and it did just that. TAO has surged over 19%, reaching $437, where it now sits right at its 0.618 Fibonacci retracement level, often considered the first major resistance zone.
If buying momentum holds, TAO could climb further toward the 1.0 Fibonacci extension at $479.91. However, if the momentum fades, this 0.618 level may act as a reversal point, potentially leading to a temporary pullback before any further move up.
Meanwhile, on the right side of the chart, SUI appears to be following a nearly identical setup. After dropping to a recent low of $3.05, it has started to recover, now trading around $3.28. This structure resembles TAO’s earlier movement, and if the pattern continues to play out, SUI could lead a fresh rally towards the 0.618 Fibonacci level at $3.82, followed by a possible target at $4.29 (1.0 fib level) — an upside of 31% from the current price.
Final Thoughts
Bittensor (TAO) has already led the rebound and is testing a critical resistance zone. From here, it may either face a short-term reversal at the 0.618 Fibonacci level or continue higher toward the 1.0 extension at $479.91, completing the bullish harmonic move.
On the other hand, SUI is slightly behind in its structure but is now showing early signs of a similar rally. With momentum building, SUI is likely to lead a move toward its 0.618 Fibonacci level at $3.82, possibly following TAO’s path if the bullish sentiment continues across the market.
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