- SUI has dropped 4% today amid a broader crypto market cooldown, with its price action forming a familiar fractal pattern that previously led to significant declines.
- The cryptocurrency is trading within a rising wedge formation and currently sits near the critical 100-day moving average support at $3.43.
- If the 100-day MA fails to hold, SUI could drop approximately 22% to the wedge's lower trendline near $2.80, mirroring a previous 34% correction.
- A successful defense of the 100-day MA and reclaim of the 25-day MA could invalidate the bearish outlook and allow another attempt at the wedge's upper resistance.
Date: Tue, Aug 12, 2025 | 10:20 AM GMT
The cryptocurrency market is experiencing a mild cooldown as Ethereum (ETH) briefly touched $4,349 before pulling back to around $4,285. This short-term retreat is spilling over into several major altcoins, including Sui (SUI).
SUI has turned red today, slipping around 4%. More importantly, its latest price action is echoing a familiar fractal pattern that could hint at a deeper move lower.
Familiar Pattern Hints at Potential Pullback
On the daily timeframe, SUI has been trading within a broad rising wedge — a formation often linked with slowing bullish momentum and eventual reversals.
A look at the chart shows a clear repetitive fractal. In the previous cycle, SUI staged a strong rally after a bullish moving average crossover (marked by the blue circle), propelling it to the wedge’s upper resistance. This was followed by a breakdown below the 25-day MA, triggering a sharp drop toward the 100-day MA (green circle). While this moving average initially acted as support, a failed recovery attempt (red circle) preceded a decisive breakdown toward the wedge’s lower boundary — a move that carved out roughly a 34% correction.
Fast forward to today, and the setup looks strikingly similar.
SUI recently bounced from the 100-day MA, reclaimed the 25-day MA, and then broke down again — now trading near $3.63, just above the key 100-day MA support at $3.43. This places the asset at the same critical juncture as the last major drop.
What’s Next for SUI?
If the 100-day MA at $3.43 fails to hold, it would confirm the bearish fractal and open the door for a slide toward the wedge’s lower trendline near $2.80 — a potential 22% drop from current levels.
However, if bulls manage to defend the 100-day MA and push back above the 25-day MA, the bearish outlook would weaken. In that scenario, SUI could make another run toward the wedge’s upper resistance, keeping the broader uptrend alive.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always do your own research before making investment decisions.
The opinions and market insights shared on CoinsProbe represent the views of individual authors based on prevailing market conditions at the time of publication. Cryptocurrency investments carry significant risk and volatility. Readers are encouraged to conduct their own research and seek professional financial advice before making investment decisions. CoinsProbe and its contributors do not accept responsibility for financial losses or decisions made based on published content.
CoinsProbe may publish sponsored articles, affiliate links, or promotional collaborations. All sponsored material is clearly labeled to maintain transparency with our audience. Our editorial decisions remain fully independent, and advertising partnerships do not influence reviews, rankings, or published opinions.
Since 2023, CoinsProbe has delivered reliable insights on cryptocurrency, blockchain, and digital assets. Our content is created by experienced researchers and analysts who follow strict editorial standards focused on accuracy, transparency, and credibility. Every article is carefully reviewed and verified using trusted sources and current market data. We provide unbiased analysis and timely updates covering everything from emerging crypto projects to major industry developments.
