Analyst Predicts SUI Price Surge to $9 Amid Symmetrical Triangle Breakout
The SUI cryptocurrency has seen a decline in 2025, currently down over 53% from its peak of $5.35 on January 4. However, analyst Ali Martinez suggests a potential surge to $9, a 260% increase, if SUI breaks out of its current symmetrical triangle pattern.
SUI Price Forecast
- Martinez identifies a symmetrical triangle pattern on the 2-day timeframe for SUI.
- If SUI breaks above the upper trendline at $3.6, it could reach $9.
- Current SUI price is approximately $2.51, with a recent 1% daily increase.
On-Chain Developments Supporting SUI
- Total Value Locked (TVL) on SUI reached an all-time high of $2.6 billion.
- DEX activity volume on SUI hit a record $20.33 billion in October.
- Stablecoin market cap on SUI increased to $1.15 billion, indicating network growth.
The combination of technical patterns and positive on-chain metrics could drive a bullish outlook for SUI's price.