SUI Chart Signals Double Bottom Pattern Formation – $10.37 Breakout Target Emerges

Let’s examine the latest price action on the SUI weekly chart, where some compelling technical signals are taking shape.

The Double Bottom Pattern: A Bullish Setup

The chart clearly displays a double bottom pattern – one of the most reliable reversal formations in technical analysis. Both reaction lows have found support at the critical zone between $1.33 and $1.40, which aligns perfectly with the long-term uptrend line. Currently trading at $1.80, the price represents approximately a 75% retracement of the corrective wave, suggesting the foundation for the next upward move is solidifying.

For this macro structure to hold validity, the support zone at $1.33 must remain intact. Any sustained break below this level would eliminate the bullish setup, but as long as buyers defend this area, the path toward the primary target opens up.

Why SUI Is Gaining Momentum

Beyond the chart setup, the Sui ecosystem is demonstrating tangible growth metrics. Total Value Locked (TVL) is expanding rapidly, accompanied by increasing developer activity and participation. Recent network upgrades have reinforced its position as a high-performance Layer 1 blockchain. The parallel execution model and Move programming language focus provide distinct competitive advantages, particularly attracting capital into gaming and DeFi segments where speed and scalability matter most.

The Long-Term Opportunity

From a technical perspective, the major resistance level sits at $10.37, identified as a potential cycle peak target for 2026. This represents substantial upside from current levels. The current setup offers an attractive accumulation zone for investors with a multi-year horizon. Building positions near support levels while maintaining risk discipline remains the prudent approach.

Path Forward

The technical structure is intact, fundamentals support growth, and the risk-reward ratio favors patient capital deployment. This window for strategic positioning may not remain open indefinitely.