SUI Holds Long-Term Trendline Support as Traders Eye Explosive Upside Target

• SUI defended the 0.786 Fib zone with a clean rebound, maintaining higher lows on weekly charts and preserving its bullish market structure.
• The symmetrical triangle pattern narrows, with breakout potential above $3.50 targeting $4.01, $4.96, $6.04, and $7.01.
• Elliott Wave analysis points to wave (3) expansion, with Fibonacci targets extending toward $11.85 if bullish momentum sustains.

SUI has bounced and is holding a bullish structure within a tightening triangle. Traders now anticipate a breakout that could ignite a powerful rally toward multi-month highs and beyond.

Bulls Hold the Line at Trendline Support

According to Marcus Corvinus, $SUI snapped back “sharp, clean and confident” from the 0.786 Fibonacci retracement.Price is respecting an ascending trendline between $2.20 and $2.60, a zone tested multiple times since September 2024. Despite weeks of selling pressure, the higher-low structure remains intact.

$SUI just snapped back from the 0.786 Fib zone sharp, clean and confident.

Despite the correction, the structure never cracked. The trendline held like it was meant to.

Healthy pullback, not a breakdown.

This bounce could be the higher low that sets the stage.

Momentum… pic.twitter.com/AWkO4SKscJ

— Marcus Corvinus (@CryptoBull009) July 3, 2025

The asset continues to consolidate inside a symmetrical triangle formed after the December 2024 peak near $6.90. Resistance caps rallies near $3.80–$4.00, while support has repeatedly attracted buyers. Current price trades near $2.89, mid-range between key support and resistance.

Compression Builds Toward a Breakout

A breakout above $3.50 could send targets to $4.5 and above based on historical rallies and Fibonacci projections. Failure to hold above $2.20 would invalidate the bullish structure.

Elliott Wave counts from More Crypto Online place the asset in wave (3) of a larger impulsive cycle, with Fibonacci extensions projecting $7.16, $8.17, and $11.85. The recent move above the 61.8% retracement at $2.4355 adds confluence to the bullish case.

Historical Retests Fuel Optimism

Analyst Lau highlights that past retests of SUI’s long-term trendline have delivered triple-digit gains — 1,058% in 2024 and 122% in March 2025. The current retest could pave the way toward $7.00, echoing prior expansion phases.

$SUI coin has the potential to replace Solana, I think so looking at the chart.

It is clearly visible on the chart that $SUI follows a trend line.

In the first retest, $sui gave a return of 1058% to its investors. In the second retest, about 122% was returned. In the second… pic.twitter.com/AV1TTZcaUj

— Lau (@lourdesanchezok) August 6, 2025

Momentum indicators show short-term cooling, with RSI near 53.82 and MACD turning softer after recent highs. However, the structure still points to price compression before a decisive move.

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