NewsCryptoSUI Approaches $0.80 as Analysts Flag Falling Wedge Breakout and TD Buy Signal

SUI Approaches $0.80 as Analysts Flag Falling Wedge Breakout and TD Buy Signal

Author: Cryptofrontnews·

Key Takeaways

  • SUI traded near $0.7853, below immediate resistance at $0.793–$0.800, after rebounding from roughly $0.710–$0.715 on Sept. 2.
  • CryptoBullet sees a potential breakout from a 500-day falling wedge pattern on SUI's weekly chart.
  • Ali Charts reported a daily TD Sequential buy signal that could precede a one-to-four daily candlestick rebound.
  • Michael van de Poppe views $0.7330 as a key trigger level, with $0.87–$0.90 as potential targets if momentum strengthens.
  • Support sits near $0.760, with stronger support at $0.740–$0.750, while RSI stood at 64.02, below the overbought threshold of 70.
SUI Approaches $0.80 as Analysts Flag Falling Wedge Breakout and TD Buy Signal

SUI, the native token of the layer-1 Sui blockchain, traded near $0.7853 as immediate resistance at $0.793–$0.800 came into focus following its rebound from $0.710–$0.715. Analysts point to possible upside moves as the token approaches the $0.80 mark after recovering from early September lows.

CryptoBullet sees a potential breakout from SUI's 500-day falling wedge — a chart pattern in which price makes successively lower highs and lower lows within converging trendlines, often watched by traders as a potential reversal setup — while Ali Charts identifies a daily TD Sequential buy signal, an indicator designed to flag potential exhaustion of a downtrend. Michael van de Poppe is watching $0.7330 as a key trigger, with a potential move toward $0.87–$0.90 if momentum strengthens.

Weekly Pattern

According to analyst CryptoBullet, SUI appears ready to break out of a giant 500-day falling wedge. His view is based on the weekly line chart, where the long-running pattern remains the focus. The analyst also asked SUI holders whether they were ready for a breakout.

The setup comes as SUI recently recovered from lower levels. Price rebounded from roughly $0.710–$0.715 on Sept. 2 before moving toward the $0.790–$0.800 resistance area.

Meanwhile, Ali Charts focused on SUI's daily chart and the TD Sequential indicator. According to Ali Charts, the indicator is flashing a buy signal after the recent correction. The signal points to a possible one-to-four daily candlestick rebound and could also represent the start of a new bullish countdown, the analyst said.

Short-Term Levels Keep $0.80 in Focus

Michael van de Poppe linked SUI's potential move to Bitcoin breaking higher, reflecting how altcoin price action frequently tracks the broader market leader. He said a move above $0.7330 would trigger the next move, with $0.87–$0.90 as the next target. Van de Poppe also said the BTC pair could break out, with the trend reaching $1.50.

However, the latest price data places SUI below the immediate $0.793–$0.800 barrier. SUI traded around $0.7853 at the captured time. The latest hourly candle opened at $0.7934, reached a high of $0.7939, fell to a low of $0.7843, and closed at $0.7853 — a 1.03% hourly decline.

Support sits around $0.760, with stronger support near $0.740–$0.750. RSI stood at 64.02, above its 53.09 moving average, a reading that remains below the overbought threshold of 70 commonly used by traders. MACD values were approximately 0.0039, 0.0045, and 0.0005, while volume reached roughly 2.77 million SUI. The levels cited by the analysts — $0.7330 as a trigger and $0.87–$0.90 as potential targets — remain conditional on momentum, and the token has not yet cleared the $0.793–$0.800 resistance in the captured data.