- Sui (SUI) has dropped over 13% in a week, erasing all monthly gains amid a broader crypto market pullback.
- A Bearish Cypher harmonic pattern is emerging on SUI's 4-hour chart, suggesting potential for a short-term bullish recovery.
- SUI is hovering near a critical pivot zone of $2.95-$3.00 where buyers may attempt to regain control.
- If the pattern confirms, SUI could potentially rally 17-22% toward the $3.59-$3.73 resistance levels.
Date: Thu, June 05, 2025 | 06:45 PM GMT
The cryptocurrency market continues to experience a sharp pullback, pulling major tokens into the red zone. Bitcoin (BTC) briefly dipped to around $103,000, while Ethereum (ETH) slipped to $2,580—both retreating from recent multi-month highs. This wave of correction has also affected altcoins, with Sui (SUI) among the notable losers today.
After tumbling over 13% in a week, SUI has given up all of its monthly gains. However, despite the pain, a potentially bullish structure is quietly emerging on the 4-hour timeframe — a harmonic pattern that may hint at an upcoming reversal.
Bearish Cypher Harmonic Pattern in Play
A closer look at the SUI 4H chart reveals what appears to be a Bearish Cypher harmonic pattern — a technical setup known for forecasting a short-term bullish recovery before a reversal at the final leg. This pattern is characterized by five distinct price swings, labeled X-A-B-C-D, with each point conforming to Fibonacci retracement and extension ratios.
The structure began to take shape after SUI topped out near $3.73 (point X), then fell to $3.05 (point A), rallied to $3.57 (point B), and has now dropped again to around $3.03 (point C). While the final leg from point C to D is still unfolding, SUI appears to be hovering near what could be a pivot zone — the $2.95–$3.00 range — where buyers may attempt to regain control.
If this zone holds and SUI begins to rebound, the Cypher pattern forecasts a potential move toward the 78.6% retracement of the XC leg around $3.59, and possibly the 100% extension at $3.73. From current levels, that represents a possible upside of 17% to 22%.
What’s Next for SUI?
While SUI has not yet confirmed a firm bottom for point C, the pattern suggests that the token is approaching a critical inflection point. A bounce from the $2.95–$3.00 region would complete the C leg and open the door for a move up toward point D.
However, patience is crucial, as the pattern still requires confirmation. If support holds and the structure plays out as expected, the coming days could bring a recovery toward the $3.60–$3.73 region — a welcome relief for holders amid this broader market cooldown.
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