SUI breaks out from triangle pattern signaling 108% rally to $7.80

SUI has demonstrated a strong breakout from a symmetrical triangle pattern, signaling potential for a 108% rally toward $7.80. The breakout occurred near the $3.80 level, supported by increasing trading volume and a confirmed upward shift in momentum. Following a retest of $3.80 as support, analysts are anticipating a continuation of the bullish trend toward $7.80, bolstered by technical structure, institutional interest, and rising DeFi activity. SUI was trading at $3.74 at the time of writing [1].

The token’s price action has shown consistent strength, with the price climbing above recent highs and ascending support levels reinforcing buyer control. Technical indicators also suggest that SUI is above the 20-day EMA at $3.77, confirming near-term trend support. Lark Davis highlighted the breakout above the long-standing downtrend line, noting that if SUI maintains a position above the $3.80 zone, Fibonacci levels suggest further upside potential [1].

SUI’s Total Value Locked (TVL) reached $2.295 billion at the end of July, according to DeFiLlama, marking its highest level ever. This represents a 40% increase since early 2025 and a near 400% gain year-over-year, indicating robust DeFi adoption and network usage [1].

Institutional backing has also grown significantly. Mill City Ventures raised $450 million, with 98% of the capital allocated to SUI acquisitions. The firm plans to hold SUI as a primary treasury asset and aims to provide institutional exposure to the token through Nasdaq listings [1].

Crypto Patel noted that the combination of this institutional support, increasing TVL, and potential ETF applications is setting the stage for a strong performance cycle for SUI. Continued volume expansion and support above $3.70 could help sustain the current bullish trend [1].

The technical structure and macro-level developments suggest that SUI is entering a critical phase. While the $7.80 target remains aspirational, the confluence of technical strength, institutional capital inflows, and DeFi growth provides a compelling case for continued upward movement.

Source: [1] SUI Breaks Out from Triangle, Analysts Target $7.80 as Volume and Trend Confirm Strength (https://cryptofrontnews.com/sui-breaks-out-from-triangle-analysts-target/)