Alright team, let's break down this compelling $SUI chart. The long-term outlook appears exceptionally bullish.
Technical Analysis
On the weekly $SUI/USDT chart, the price appears to have completed a substantial corrective wave of approximately 75%, forming the second leg of a classic double-bottom pattern. Price action has established definitive confluence support at the long-term ascending trendline, signaling a major accumulation pivot. The critical support zone lies between $1.35 and $1.46. As long as $SUI holds above this zone, the path of least resistance is upward. Our ambitious yet measured long-term target for the next bull cycle — potentially into 2026 — stands at $10.37.
Fundamental Tailwinds
Fundamentally, SUI continues to demonstrate strength, with a clear focus on enterprise adoption and scalability. Recent successful mainnet upgrades have enhanced network throughput and stability, reinforcing its position as a high-performance Layer 1. Growth in Total Value Locked (TVL) and rising developer activity across DeFi and gaming sectors reflect a rapidly maturing ecosystem — providing solid fundamental support for this technical reversal.
Strategy
The current price level presents a strong accumulation opportunity for long-term holders. A confirmed bounce from this critical support suggests the corrective move may have bottomed. Maintain tight risk management with a stop-loss on a weekly close below $1.20.
