Date: Thu, July 10 2025 | 05:50 PM GMT
The cryptocurrency market celebrated a major milestone today as Bitcoin (BTC) soared to a new all-time high of $113,000. Ethereum (ETH) wasn’t far behind, jumping 6% to continue its bullish momentum. This positive wave is also lifting altcoins — and one standout is Sui (SUI), the native token of the Layer 1 blockchain, which has surged by 15% in the last 24 hours.
But what’s really catching the attention of traders isn’t just the price action — it’s the emergence of a key harmonic pattern that could signal more upside in the near term.
Harmonic Pattern Hints at Upside Move
A closer look at the daily chart reveals the formation of a bearish ABCD pattern — a reliable harmonic setup that highlights potential reversal or continuation points. The pattern started back in April from point A around $1.71, followed by a sharp rise to point B. After reaching that peak, the price retraced to point C near $2.29 by late June.
Since then, SUI has steadily moved higher, currently trading around the $3.41 mark. This upward leg from point C to D is still unfolding, and it aligns perfectly with the typical ABCD structure seen in technical analysis.
What’s Next for SUI?
If the pattern completes successfully, the next key zone to watch is the Potential Reversal Zone (PRZ) near $4.87 — which represents the 1.272 Fibonacci extension target. That would mean a further 42% upside from current levels. Reaching this area would fulfill the harmonic target and potentially trigger profit-taking or even a temporary pullback.
However, we might see some retracement in the price before the full extension plays out.
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