The SUI price had a promising start in August, like a kid finally getting their homework done early. But, as August wore on, it couldn’t quite hold its stride, crashing from a sweet spot above $4.1 to around $3.2 as September came knocking. Talk about a plot twist!
But here’s the kicker: SUI doesn’t seem ready to throw in the towel just yet. In the past week, it’s clawed back with a solid 4% gain. Looks like it might just be warming up for something bigger-like a high school senior coming back to win the homecoming dance crown after an embarrassing freshman year.
Analyst Predicts SUI To Grow 110% Based On Chart Pattern
According to crypto wizard Ali Martinez (he’s kind of the Gandalf of altcoins, minus the beard), it might be time to load up on SUI tokens. He recently made a post on platform X, saying the SUI price is back from the dead, and could be heading toward a sweet $7. And no, he’s not talking about some far-off fantasy. We’re talking real numbers here, people!
The magic comes from something called an “ascending triangle pattern” (fancy, right?). Basically, it’s a chart formation where things start to look like an inverse right-angled triangle. Sounds complicated? Sure, but the point is: it’s usually a sign that an asset is ready to keep climbing-like a squirrel hoarding acorns before winter. (Yes, there’s a bullish metaphor in there somewhere.)
Martinez isn’t saying the party’s over yet. He thinks SUI will probably retest its lower trendline one more time before it breaks free from its triangle prison. The final price target? A shiny $7. For those who like numbers, this is a 110% gain from where it is now. Not bad for a little altcoin that could.
Looking at the chart, it’s clear SUI found some solid ground around $3.1, like a kid discovering a comfy spot on the couch for a Netflix binge. Now, it’s looking at that upper trendline like it’s the final boss in a video game, ready to conquer it.
Martinez’s target of $7 is about 110% higher than the current price. And if you’re wondering, that’s 30% higher than its all-time high of $5.8. So, yeah, things are heating up in the SUI camp.
SUI Price At A Glance
As of now, SUI’s sitting pretty at about $3.38, showing off a decent 2% jump in the last 24 hours. So, is it time to buy in? Well, only if you’re ready for the rollercoaster ride of a lifetime.
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2025-09-06 21:52