📌 Pattern Overview
SUI is currently forming a Bullish Flag pattern, which consists of:
Flagpole: the strong rally from June–July that pushed the price significantly higher.
Flag: a downward-sloping consolidation channel (descending channel) since August.
This pattern typically indicates a healthy pause after a strong uptrend, often followed by another bullish continuation.
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🔍 Technical Analysis
Current Price: $3.58.
Upper flag line (resistance): around $3.89–$3.90.
Lower flag line (support): around $2.80.
Key horizontal levels: $3.89 → $4.32 → $5.29/$5.37 (previous high).
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📈 Bullish Scenario (Valid Flag Breakout)
Confirmation: A breakout above the upper flag line with a strong 2D candle close and rising volume.
Flagpole projection target:
Previous flagpole measured from ~$2.0 → ~$5.3 = ~$3.3 move.
Breakout above ~$3.9 projects a target near $7.0 – $7.2.
Upside targets (step by step):
Target 1: $3.89 (first resistance).
Target 2: $4.32 (mid resistance).
Target 3: $5.29–$5.37 (previous top).
Extended target: $7.0 (flagpole projection).
Stop-loss: Below the breakout point or below the lower flag line (~$2.80).
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📉 Bearish Scenario (Failed Flag)
Confirmation: Rejection at the upper flag line, or a breakdown below the channel.
Downside targets:
$2.80 (intra-flag support).
$2.20 → $1.72 (major support levels).
Extended target near $1.28 if a full breakdown occurs and the flag invalidates.
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⚖️ Extra Confirmations
1. Volume: Breakout should be accompanied by a clear volume spike.
2. RSI: A move above 50–60 strengthens the bullish case.
3. MACD: Bullish crossover supports momentum continuation.
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🎯 Conclusion
SUI is consolidating inside a Bullish Flag, a classic continuation pattern. A confirmed breakout could trigger a move towards $5.37, with an extended upside target near $7.0. Failure to break out, however, would bring price back to supports around $2.80 – $1.72.
Traders should wait for confirmation via candle close and volume before entering, and maintain strict risk management in case of pattern failure.
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#SUI #SUIUSDT #Crypto #Altcoins #TechnicalAnalysis #BullishFlag #Breakout #PriceAction #CryptoTrading
SUI is currently forming a Bullish Flag pattern, which consists of:
Flagpole: the strong rally from June–July that pushed the price significantly higher.
Flag: a downward-sloping consolidation channel (descending channel) since August.
This pattern typically indicates a healthy pause after a strong uptrend, often followed by another bullish continuation.
---
🔍 Technical Analysis
Current Price: $3.58.
Upper flag line (resistance): around $3.89–$3.90.
Lower flag line (support): around $2.80.
Key horizontal levels: $3.89 → $4.32 → $5.29/$5.37 (previous high).
---
📈 Bullish Scenario (Valid Flag Breakout)
Confirmation: A breakout above the upper flag line with a strong 2D candle close and rising volume.
Flagpole projection target:
Previous flagpole measured from ~$2.0 → ~$5.3 = ~$3.3 move.
Breakout above ~$3.9 projects a target near $7.0 – $7.2.
Upside targets (step by step):
Target 1: $3.89 (first resistance).
Target 2: $4.32 (mid resistance).
Target 3: $5.29–$5.37 (previous top).
Extended target: $7.0 (flagpole projection).
Stop-loss: Below the breakout point or below the lower flag line (~$2.80).
---
📉 Bearish Scenario (Failed Flag)
Confirmation: Rejection at the upper flag line, or a breakdown below the channel.
Downside targets:
$2.80 (intra-flag support).
$2.20 → $1.72 (major support levels).
Extended target near $1.28 if a full breakdown occurs and the flag invalidates.
---
⚖️ Extra Confirmations
1. Volume: Breakout should be accompanied by a clear volume spike.
2. RSI: A move above 50–60 strengthens the bullish case.
3. MACD: Bullish crossover supports momentum continuation.
---
🎯 Conclusion
SUI is consolidating inside a Bullish Flag, a classic continuation pattern. A confirmed breakout could trigger a move towards $5.37, with an extended upside target near $7.0. Failure to break out, however, would bring price back to supports around $2.80 – $1.72.
Traders should wait for confirmation via candle close and volume before entering, and maintain strict risk management in case of pattern failure.
---
#SUI #SUIUSDT #Crypto #Altcoins #TechnicalAnalysis #BullishFlag #Breakout #PriceAction #CryptoTrading
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✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
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.