Is SUI Price About to Break Records? Analysts Say Yes! 🚀💰

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Upon the grand tapestry of the macro chart, one finds the SUI price engaged in a most curious consolidation, following an extraordinary rally in the fourth quarter of the year 2024, wherein it ascended with remarkable fervor-nearly 1000% from a modest $0.48 to a rather splendid $5.34. Such a leap, one might say, is not merely a price increase but a veritable triumph of ambition! 🎉

Since this remarkable elevation, the asset has settled into a converging pattern throughout the year 2025. Yet, recent technical setups, coupled with a robust growth of the network, suggest that a breakout may be nigh-one that could very well conquer the all-time high (ATH). Analysts, with their ever-optimistic outlook, predict that we might even enter a mode of price discovery this very year. How delightful! 😏

The Q4 Rally and 2025 Consolidation: A Most Fortuitous Pattern for SUI Price

In the realm of technical analysis, the weekly SUI price chart reveals that the asset’s most significant movement occurred at the close of 2024, when it gallantly climbed from $0.48 to $5.34 in a mere three months. A feat worthy of a novel, indeed! 📈

However, the first half of 2025 has been rather subdued in comparison to that explosive growth. Yet, the price action suggests that something grand is brewing within the SUI Network. As the quarters have progressed-Q1, Q2, and the ongoing Q3-a converging price action has emerged, resembling a symmetrical triangle formation. Once confirmed, the targets appear decidedly bullish, maintaining their optimistic structure thus far. 🥳

What of SUI Price Action in Q3 2025?

In this current quarter, July ushered in a wave of bullish demand, wherein this symmetrical pattern played its part 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 staggering 90% surge from $2.29 to $4.42. Quite the spectacle! 🎊

Yet, August brought with it a pullback toward a key support level near $3.32. Should this zone hold firm and bullish demand re-emerge, analysts anticipate a retest of the upper border of the pattern. A successful breakout could propel the SUI price forecast toward $5.37 in the weeks to come. How thrilling! 😮

A Glimpse into Price Discovery for SUI

Meanwhile, on the daily timeframe, a separate ascending triangle pattern has made its appearance, as noted by the esteemed crypto expert, Ali Martinez. He posits that this formation hints at a short-term retest near $3.17 before bullish demand propels it higher. A most intriguing proposition! 🤔

Should this pattern unfold upon the daily chart, the SUI price prediction for Q3 may include a potential revisit to its all-time high, aligning splendidly with our weekly analysis. Mr. Martinez believes that this retest in Q3 will be followed by an extended rally toward the $6.6 to $7.0 region in Q4 2025. How positively optimistic! 🌟

Adding to the momentum of these fundamentals, Robinhood has announced the availability of the SUI Network to millions of users via its trading app-a veritable breaking news event for the SUI Network today! 📢

Although the SUI price in USD did not immediately respond with great fervor, gaining a mere 1.67% intraday, the on-chain activity tells a rather different tale. Data suggests that total transactions on the network surged by more than 14 million in the last 24 hours, hinting at a rise in active addresses and institutional-sized transfers. Such underlying strength is expected to reflect in the LINK price chart in the near term. How delightful it is to witness such vigor! 😄

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2025-08-20 16:53