Date: Mon, June 16, 2025 | 06:59 AM GMT
The cryptocurrency market is making a quite comeback as the new week kicks off after experiencing volatility on weekdays following mounting geopolitical tensions between Israel and Iran. Today Ethereum (ETH) took a jump of 3% to cross $2600 mark, Unsurprisingly, altcoins also making bounce— including Sui (SUI).
The Layer-1 token is comes back on green track today with 3.61% gains, and now a well-defined harmonic pattern forming on its short-term rally is in underway.
Patterns Signaling Potential Bounce Back
SUI’s 4-hour chart presents a compelling technical case. The price has completed a Bearish Cypher harmonic pattern, which typically signals a possible short-term correction followed by a continuation of the larger trend.
SUI is currently trading near $3.10, and the pattern indicates that price action could be heading toward the $3.91–$4.19 area. This zone marks the CD leg, also known as the potential reversal zone (PRZ), and aligns with key Fibonacci extensions—specifically the 0.786 and 1.0 levels—which are commonly used to signal the final leg of the Cypher formation.
If this pattern unfolds as expected, SUI could climb another 26%–35% from its current level before encountering significant resistance.
What’s Next for SUI?
The next few trading sessions will be crucial in validating this bullish harmonic setup. A steady move toward the $3.91–$4.19 range would confirm the pattern and likely draw more attention from technically driven traders.
However, this zone is also where profit-taking typically begins, and short-term selling pressure could emerge once the pattern completes. Despite that, the overall structure remains supportive of more upside in the near term.
Overall, SUI’s chart is showing early signs of a rebound, backed by a textbook harmonic setup. While global tensions remain a wildcard that could override technical patterns, the short-term outlook looks promising — particularly for traders watching harmonic cues.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
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