Date: Wed, June 18, 2025 | 05:40 AM GMT
The cryptocurrency market is once again caught in a storm of volatility as geopolitical tensions between Israel and Iran continue to rattle investor sentiment. Ethereum (ETH), the second-largest crypto by market cap, has taken a notable 9% dip over the past week, now hovering around $2,540. Unsurprisingly, altcoins aren’t spared — and Sui (SUI) is among the notable assets facing a pullback.
The Layer 1 token saw a weekly decline of 16% extended monthly decline to 22%, But beyond the red candles, there might be a bullish story quietly unfolding —a potential bullish setup quietly mirroring a historic fractal from LINK’s past.
Sui (SUI) Mirrors LINK’s 2024 Setup
Zooming out on the weekly timeframe, SUI appears to be tracing a fractal pattern similar to Chainlink (LINK) before its explosive rally in late 2024.
Back then, LINK had been in a prolonged downtrend, forming a classic head-and-shoulders top followed by a multi-month bottoming phase. Crucially, LINK found strong support in the gray demand zone near $8.50, reclaimed its 50-week moving average, and printed a bullish MACD crossover — a combination that lit the fuse for a +200% move straight toward $30.
Sui now finds itself in a strikingly similar position. The price has dropped into its own gray demand zone near $2.80-$2.90, and just like LINK, the MACD is now showing a bullish crossover below the zero line — often viewed as a strong reversal signal. Price action is coiling just beneath the 50-dayy moving average, which currently hovers around $3.49. A clean move above this level could be the catalyst SUI needs to break out and ignite a broader uptrend
This strong visual similarity between the two charts, paired with positive momentum signals, adds weight to the bullish case.
What’s Next for Sui (SUI)?
No chart pattern is a crystal ball — but crypto markets are notorious for repeating historical fractals, especially when sentiment shifts.
If SUI follows LINK’s 2024 path, a confirmed breakout above the $3.49 level could open the floodgates for a sustained rally. In that scenario, SUI could target $5+, and beyond in the coming months — especially if geopolitical tensions, such as those between Israel and Iran, begin to ease.
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