- SUI has dropped 45% since the start of 2025 amid a broader crypto correction, but rallied 8% in the past 24 hours following Trump's tariff pause announcement.
- Technical analysis reveals SUI is forming a falling wedge pattern similar to one in mid-2024 that preceded a 500% rally over several months.
- The current price action shows SUI hugging the 50-day moving average in a pattern that mirrors the setup before its previous explosive breakout.
- If the fractal pattern repeats, SUI could potentially break above $4 in the coming weeks, with the 50-day moving average serving as the key resistance level to watch.
Date: Fri, April 11, 2025 | 06:49 PM GMT
The cryptocurrency market has faced a sharp correction phase, where Ethereum (ETH) itself recorded its worst Q1 decline since 2018 — plummeting by a staggering 52% this year. This widespread weakness has weighed heavily on altcoins, triggering sharp drops and investor concerns across the board.
Among those hit hard is Sui (SUI), which has shed 45% of its value since the start of 2025. But the crypto market is bouncing back following U.S. President Trump’s recent announcement of a 90-day pause on tariffs — sending markets higher and pushing SUI up over 8% in the past 24 hours.
Another Breakout Rally?
While many are still hesitant, a closer look at the SUI chart reveals something interesting — a repeating fractal pattern that could hint at a major breakout ahead.
In the chart above, SUI has formed two large falling wedge patterns — one in mid-2024 and another currently unfolding. Historically, falling wedges are considered bullish reversal patterns, and the last time this setup appeared, SUI rallied over 500% in just a few months.
What’s more intriguing is that both wedges share a similar structure, with the price consistently hugging the 50-day moving average before breaking out. We’re now seeing price action tightening again, hugging the same moving average, just like before its previous explosive move.
The circled regions on both wedges look eerily similar, suggesting SUI might be right at the edge of another rally — if the fractal plays out as it did last time.
What’s Next for SUI?
If the current setup repeats, SUI could be prepping for a major bullish breakout, potentially pushing the price back above $4 in the coming weeks. A successful breakout and a move above its next key resistance—the 50-day moving average—could confirm an uptrend.
On the flip side, failure to reclaim that level could signal more consolidation or even a short-term pullback. All eyes are now on how SUI behaves around this critical zone.
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