Yash_Jain_1309
@t_Yash_Jain_1309
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The price action is not odd, but fascinating. It made a tilted double bottom pattern (W) that only forms when demand on lower levels are elevated. A nice pullback to the upper border of the raising wedge or the double bottom's neckline would let the rally continue to $0.0069 or even it could get perpendicular towards $0.01. Let's see where it goes.
In the current quarter, July brought bullish demand, where this symmetrical pattern played its role on the weekly chart as the SUI price USD reflected a sharp rise from the lower border of this triangle to the upper edge, marking a 90% surge from $2.29 to $4.42. Yet, August brought a pullback toward a key support level near $3.32. If this zone holds and bullish demand steps in, analysts anticipate a retest of the upper border of the pattern. A successful breakout could send the SUI price forecast toward $5.37 in the coming weeks. this retest in Q3 will be followed by an extended rally toward the $6.6 to $7.0 region in Q4 2025.
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