SUI Forms “Cup and Handle” Before Symmetrical Triangle Breakout, Here’s Why Analysts Are Watching...

SUI charts show a cup and handle followed by a triangle, signaling a possible breakout.

Fibonacci levels set upside targets at $7.90, $9.75, and $11.70 if resistance is broken.

Grayscale launches new Sui ecosystem trusts, boosting network fundamentals and investor interest.

Sui is showing a strong higher timeframe bullish structure, supported by a cup and handle formation followed by a symmetrical triangle consolidation. Price action indicates that market compression may be ending, creating conditions for a potential breakout toward double-digit targets in the coming sessions. SUI is currently trading at $3.95.

Cup and Handle Formation Followed by Triangle Compression

According to analysis prepared by Alex Clay, SUI formed two rounded bottoms from mid-2023 to late 2024, which created the broader cup structure. The handle portion began to develop from November 2024, as price action moved into a symmetrical triangle pattern made up of higher lows and lower highs

Throughout this period, the market maintained structure above an ascending support line while respecting the descending resistance line, showing steady compression within a narrowing range. Fibonacci retracement levels from the previous rally provide upside projections at $7.90, $9.75, and $11.70

The $7.90 level aligns with the first major resistance above the triangle’s boundary, while $9.75 and $11.70 correspond to deeper retracement targets. Technical indicators show SUI trading above its 7-day and 20-day SMAs, with a bullish MACD crossover and a neutral RSI reading, positioning the market close to a potential breakout zone.

Network Developments and Key Price Levels

Sui’s network fundamentals continue to strengthen, with Grayscale recently launching trusts for DeepBook and Walrus, two core protocols in the Sui ecosystem. DeepBook has processed more than $10 billion in trading volume, while Walrus raised $140 million in early 2025 for decentralized data storage solutions

The network’s total value recently reached $2.2 billion, supported by institutional participation, including a $500 million raise by Mill City Ventures. Immediate resistance for SUI is positioned at $4.44, and a confirmed break above this level could validate the bullish continuation pattern. Support remains at $3.27, with $2.55 acting as a key longer-term floor

Source: KamranAsghar(X)

According to Kamran Asghar, SUI is breaking trendlines in a manner consistent with previous rallies, which could place the next move around $6.20. If current momentum holds, price action may attempt an advance toward the projected $7.90–$11.70 range over the medium term.

The post SUI Forms “Cup and Handle” Before Symmetrical Triangle Breakout, Here’s Why Analysts Are Watching $7.90–$11.70 Targets appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.