The post SUI Price Builds Ascending Triangle as Analysts Project Price Discovery Above ATH appeared first on Coinpedia Fintech News
On the macro chart, the SUI price has been consolidating after an extraordinary rally in Q4 2024, where it surged nearly 1000% from $0.48 to $5.34.
Since this massive increase in price, the asset on the macro chart has moved into a converging pattern throughout 2025, but recent technical setups and strong network growth suggest a breakout could be approaching this quarter that may conquer the ATH. While analysts predict the odds of even entering price discovery mode this year.
Q4 Rally and 2025 Consolidation Have Built a Strong Pattern In SUI Price
Technically, on the weekly SUI price chart, the asset’s biggest move came at the end of 2024 when it climbed from $0.48 to $5.34 in just three months.
However, the next year’s first half of 2025 has been relatively muted compared to that explosive growth, but the price action shows something big brewing in SUI Network.
As Q1, Q2, and the ongoing Q3 have shown, a converging price action that closely resembles a symmetrical triangle formation. Once confirmed, the targets are bullish based on their intact bullish structure so far.
How was SUI Price Action in Q3 2025?
In the current quarter, July brought bullish demand, where this symmetrical pattern played its role on the weekly chart as the SUI/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.
Alternative Technical Viewpoints By Ali Martinez Hints at Price Discovery In SUI
Meanwhile, on the daily timeframe, a separate ascending triangle pattern has emerged, per crypto expert Ali Martinez.
He believes that this formation points to the possibility of a short-term retest near $3.17 before bullish demand pushes it higher.
Should this pattern play out on the daily chart, the SUI price prediction for Q3 includes a potential revisit to its all-time high, which aligns with our weekly analysis, but he believes that this retest in Q3 will be followed by an extended rally toward the $6.6 to $7.0 region in Q4 2025.
Adding momentum to the fundamentals, Robinhood announced the availability of the SUI Network to millions of users via its trading app, which is breaking news for the SUI Network today.
Although the SUI price in USD did not immediately react strongly, gaining just 1.67% intraday, the on-chain activity told a different story.
As data suggests, the total transactions on the network jumped by more than 14 million in the last 24 hours, which hints that this rise is obviously accompanied by rising active addresses and institutional-sized transfers.
Such underlying strength is expected to reflect in the LINK price chart in the near term.
