In the current quarter, July brought bullish demand, where this symmetrical pattern played its role on the weekly chart as the SUI price USD reflected a sharp rise from the lower border of this triangle to the upper edge, marking a 90% surge from $2.29 to $4.42.
Yet, August brought a pullback toward a key support level near $3.32. If this zone holds and bullish demand steps in, analysts anticipate a retest of the upper border of the pattern.
A successful breakout could send the SUI price forecast toward $5.37 in the coming weeks.
this retest in Q3 will be followed by an extended rally toward the $6.6 to $7.0 region in Q4 2025.
Yet, August brought a pullback toward a key support level near $3.32. If this zone holds and bullish demand steps in, analysts anticipate a retest of the upper border of the pattern.
A successful breakout could send the SUI price forecast toward $5.37 in the coming weeks.
this retest in Q3 will be followed by an extended rally toward the $6.6 to $7.0 region in Q4 2025.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.