{"id":43178,"date":"2025-08-20T14:16:50","date_gmt":"2025-08-20T14:16:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=43178"},"modified":"2025-08-20T14:16:50","modified_gmt":"2025-08-20T14:16:50","slug":"sui-bounce-imminent-chart-hints-at-major-rally","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=43178","title":{"rendered":"SUI Bounce Imminent? Chart Hints at Major Rally"},"content":{"rendered":"<div>\n<p><b>TL;DR<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">SUI holds strong support at $3.30 with a triangle pattern signaling potential breakout above $4.20.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Analysts watch $3.17 pullback level before a possible surge toward $5.40, $6.01, and $7.15 targets.<\/span><\/li>\n<li style=\"font-weight: 400;\">Despite bullish charts, the drop in futures interest and TVL dips suggest cautious market sentiment.<\/li>\n<\/ul>\n<h2><b>Price Moves Within Bullish Pattern<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">SUI is showing a familiar setup on the charts. The token is trading near $3.47 and holding above a rising support line that has been in place since April. On the 2-day chart, the price action has formed an ascending triangle. This type of setup often appears before a move higher.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Analyst Jonathan Carter shared that the token is finding strong support near $3.30, which is the lower edge of the triangle. He pointed out that this level has held several times, suggesting buyers are still active in this range. The upper boundary of the triangle stands near $4.20. This level has limited price moves since early summer.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/SUI?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#SUI<\/a> Triangle Support Holding Like a Boss<\/p>\n<p>The token is finding strong support at the ascending triangle lower border on the 2D timeframe\u200d<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/2642.png\" alt=\"\u2642\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><\/p>\n<p>Triangle pattern + support retest = breakout setup building<\/p>\n<p>Bounce targets:<br \/>\n$4.20<br \/>\n$4.80<br \/>\n$5.37<\/p>\n<p>This is accumulation disguised\u2026 <a href=\"https:\/\/t.co\/eDWRMqwN1Z\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/eDWRMqwN1Z<\/a><\/p>\n<p>\u2014 Jonathan Carter (@JohncyCrypto) <a href=\"https:\/\/twitter.com\/JohncyCrypto\/status\/1958124869108769015?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">August 20, 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;\">If the <\/span><a href=\"https:\/\/cryptopotato.com\/sui-down-6-but-analysts-say-7-is-coming\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">price breaks<\/span><\/a><span style=\"font-weight: 400;\"> above $4.20, Carter noted three levels to watch: $4.80, $5.37, and potentially higher. These levels are based on the size of the triangle and past price reactions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The trading volume data indicates that it is more active near the current price. Beyond $4.20, it becomes a possibility that may enable faster price movement in case that threshold is broken.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Remarkably, the 50-day average is flat, indicating no significant trend, and the RSI is at around 45, indicating a balance between buying and selling pressure.<\/span><\/p>\n<h2><b>Pullback May Come Before Breakout<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Another analyst, Ali Martinez, <\/span><a href=\"https:\/\/x.com\/ali_charts\/status\/1957810282748866737\" data-wpel-link=\"external\" target=\"_blank\"><span style=\"font-weight: 400;\">shared<\/span><\/a><span style=\"font-weight: 400;\"> a daily chart using Fibonacci tools. He expects a pullback toward $3.17 before any breakout. This level lines up with the 0.618 retracement level and the rising trendline.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">His chart outlines a path where SUI could bounce from $3.17 and move toward $4.20, then aim for higher targets at $5.40, $6.01, and $7.15. These are drawn from past price swings using Fibonacci extensions.<\/span><\/p>\n<h2><b>Sentiment Weakens Despite Technical Setup<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Data shows that traders are becoming more cautious. Open interest in SUI futures dropped from $2.66 billion in late July to $1.82 billion now, according to CoinGlass. This points to reduced trading activity.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Sui network has also seen a drop in activity. DeFiLlama <\/span><a href=\"https:\/\/defillama.com\/chain\/sui\" data-wpel-link=\"external\" target=\"_blank\"><span style=\"font-weight: 400;\">reported<\/span><\/a><span style=\"font-weight: 400;\"> a 2% dip in total value locked (TVL), bringing the figure to $2.02 billion. These changes reflect cooler sentiment across the ecosystem.<\/span><\/p>\n<figure id=\"attachment_409325\" aria-describedby=\"caption-attachment-409325\" style=\"width: 1342px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-20-at-16.03.07.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-409325\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-20-at-16.03.07.png\" alt=\"SUI TVL\" width=\"1342\" height=\"786\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-20-at-16.03.07.png 1342w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-20-at-16.03.07-300x176.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-20-at-16.03.07-1024x600.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-20-at-16.03.07-768x450.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/08\/Screenshot-2025-08-20-at-16.03.07-50x29.png 50w\" sizes=\"auto, (max-width: 1342px) 100vw, 1342px\"><\/a><figcaption id=\"caption-attachment-409325\" class=\"wp-caption-text\">Source: DeFiLlama<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Additionally, SUI was recently <\/span><a href=\"https:\/\/x.com\/RobinhoodApp\/status\/1957781670070821375\" data-wpel-link=\"external\" target=\"_blank\"><span style=\"font-weight: 400;\">listed<\/span><\/a><span style=\"font-weight: 400;\"> on Robinhood, making it available to US traders. This came after a deleted blog post caused early speculation. Despite the listing, the token fell. This move goes against the usual pattern where listings often lead to price gains.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The listing is part of Robinhood\u2019s effort to expand its crypto offerings. SUI is the native token of the Mysten Labs Layer-1 blockchain.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/sui-bounce-imminent-chart-hints-at-major-rally\/\">SUI Bounce Imminent? Chart Hints at Major Rally<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR SUI holds strong support at $3.30 with a triangle pattern signaling potential breakout above $4.20. Analysts watch $3.17 pullback level before a possible surge toward $5.40, $6.01, and $7.15 targets. Despite bullish charts, the drop in futures interest and TVL dips suggest cautious market sentiment. Price Moves Within Bullish Pattern SUI is showing a [&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-43178","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\/43178","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=43178"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43178\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}