{"id":39052,"date":"2025-07-28T07:16:51","date_gmt":"2025-07-28T07:16:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=39052"},"modified":"2025-07-28T07:16:51","modified_gmt":"2025-07-28T07:16:51","slug":"sui-breakout-could-lead-to-8-analyst-explains-why","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=39052","title":{"rendered":"SUI Breakout Could Lead to $8: Analyst Explains Why"},"content":{"rendered":"<div>\n<p><b>TL;DR<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Symmetrical triangle breakout at $4.30 puts $8 target in focus, supported by rising momentum.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Cup and handle pattern confirms bullish setup, with $4.15 now acting as strong support.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Trading volume and open interest both surge, reflecting increased participation in the current rally.<\/span><\/li>\n<\/ul>\n<h2><b>Breakout Pattern Signals $8 Potential<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Sui (SUI) has shown strong movement over the past week, pushing above key resistance levels after weeks of steady gains. Analysts indicate the new breakout on the daily chart may be the beginning of a major breakout, and prices are now getting close to $8.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Market analyst Ali Martinez noted that <\/span><a href=\"https:\/\/cryptopotato.com\/sui-price-eyes-3-60-breakout-after-20-weekly-surge\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">SUI<\/span><\/a><span style=\"font-weight: 400;\"> has broken out of a symmetrical triangle pattern, which had been forming since early 2024. This configuration, characterized by decreasing highs and lows, is a hallmark of compression followed by a breakout.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$SUI<\/a> appears to have broken out of a symmetrical triangle on the daily chart, targeting $8! <a href=\"https:\/\/t.co\/0LNaniCDm8\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/0LNaniCDm8<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1949589110970274251?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">July 27, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Interestingly, the breakout occurred at around the $4.30 level, which is close to the 0.786 Fibonacci retracement of the last swing high. Key Fibonacci levels, including $5.29, $6.96, and $8.05, are now used as a reference point in case buying pressure persists.<\/span><\/p>\n<h2><b>Cup and Handle Formation Adds to Bullish Case<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Another well-known chart pattern is now visible. Analyst Robert Mercer <\/span><a href=\"https:\/\/x.com\/Robert_Klondike\/status\/1949499980923957732\" data-wpel-link=\"external\" target=\"_blank\"><span style=\"font-weight: 400;\">called<\/span><\/a><span style=\"font-weight: 400;\"> attention to a classic Cup and Handle structure on the 12-hour chart. The cup formed over a two-month period, showing a gradual recovery and bottom formation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The handle formed during a short pause in price action before SUI moved above $4.15. That level had acted as resistance in earlier sessions and is now functioning as support. Since the breakout, the price has moved higher and crossed several key resistance zones.<\/span><\/p>\n<h2><b>Trading Volume and Open Interest Strengthen Momentum<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">CoinGlass data shows that SUI\u2019s 24-hour trading volume has risen to over $7.5 billion, up 19.7%. Open interest is also higher, climbing 12% to $2.73 billion. This points to a rise in trader activity around the recent move.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, the Long\/Short Ratio stands at 1.04, with long positions at 50.98% and short positions at 49.02%. This reflects a slight advantage for longs, in line with the upward price action seen on the daily and 12-hour charts.<\/span><\/p>\n<figure id=\"attachment_406034\" aria-describedby=\"caption-attachment-406034\" style=\"width: 2442px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-28-at-10.23.22.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-406034\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-28-at-10.23.22.png\" alt=\"SUI Long\/Short Ratio Chart\" width=\"2442\" height=\"686\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-28-at-10.23.22.png 2442w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-28-at-10.23.22-300x84.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-28-at-10.23.22-1024x288.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-28-at-10.23.22-768x216.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-28-at-10.23.22-1536x431.png 1536w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-28-at-10.23.22-2048x575.png 2048w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/Screenshot-2025-07-28-at-10.23.22-50x14.png 50w\" sizes=\"auto, (max-width: 2442px) 100vw, 2442px\"><\/a><figcaption id=\"caption-attachment-406034\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">SUI is now trading above $4.26 and approaching the $5.29 level from a previous high. If the price remains above the area of the breakout, the next areas of interest are those between 6.96 and 8.05. These levels coincide with Fibonacci extensions as well as the target of the triangle breakout.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/sui-breakout-could-lead-to-8-analyst-explains-why\/\" rel=\"nofollow\">SUI Breakout Could Lead to $8: Analyst Explains Why<\/a> appeared first on <a href=\"https:\/\/wordpress-433650-5559317.cloudwaysapps.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Symmetrical triangle breakout at $4.30 puts $8 target in focus, supported by rising momentum. Cup and handle pattern confirms bullish setup, with $4.15 now acting as strong support. Trading volume and open interest both surge, reflecting increased participation in the current rally. Breakout Pattern Signals $8 Potential Sui (SUI) has shown strong movement over [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-39052","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39052"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39052\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}