Sui Breakout can lead to $ 8: Analyst explains why

Tl; Dr.

• Symmetrical triangular drop at $ 4.30 puts $ 8 target in focus, supported by rising momentum.
• Cup and handle pattern confirms Bullish Setup, where $ 4.15 now acts as strong support.
• Trade volume and open interest rise both, as a result of an increased participation in the current rally.

Breakout -Pattern Signals $ 8 potential

Sui (Sui) has shown a strong movement last week and pushes above the most important resistance levels after weeks of steady profit. Analysts indicate that the new outbreak on the daily graph can be the start of a big outbreak and the prices are now almost $ 8.

Market analyst Ali Martinez noticed that Sky is broken from a symmetrical triangular pattern that had formed since the beginning of 2024. This configuration, characterized by decreasing highlights and lows, is a characteristic of compression followed by an outbreak.

$ Sui Seems to be broken from a symmetrical triangle on the daily graph, aimed at $ 8! pic.twitter.com/0lnanicdm8

– Ali (@ali_charts) July 27, 2025

Interestingly, the breakout took place at approximately the level of $ 4.30, which is close to the 0.786 Fibonacci racement of the last Swing High. The most important Fibonacci levels, including $ 5.29, $ 6.96 and $ 8.05, are now used as a reference point if buying pressure continues.

Cup and handle formation contributes to Bullish Case

Another well -known card pattern is now visible. Analyst Robert Mercer called Attention to a classic cup and handle structure on the 12-hour graph. The cup formed for a period of two months, with a gradual recovery and soil formation.

The handle formed during a short break in price action before SUI moved above $ 4.15. That level had acted as resistance in earlier sessions and now functions as support. Since the outbreak, the price has been moved higher and several important resistance zones crossed.

Trade volume and open interest reinforce the momentum

Coinglass data shows that SUI’s 24-hour trade volume has risen to more than $ 7.5 billion, an increase of 19.7%. Open interest is also higher and climbs 12% to $ 2.73 billion. This points to an increase in trading activity around the recent step.

In the meantime, the long/short ratio is 1.04, with long positions at 50.98% and short positions at 49.02%. This reflects a small advantage for longs, in accordance with the upward price promotion that is seen on the daily and 12-hour graphs.

Sui is now traded above $ 4.26 and the level of $ 5.29 of an earlier high is approaching. If the price remains above the area of the outbreak, the following areas of interest are between 6.96 and 8.05. These levels coincide with Fibonacci extensions and the target of the triangle drop.