SUI Plummets 23.25% in 30 Days, Experts See 10x Rally Ahead

SUI, a prominent altcoin, has recently experienced a notable price correction, with a 23.25% decline over the past 30 days, reaching a low of $2.35. This drop represents a 56.44% decrease from its all-time high of $5.35 in January. Despite this downturn, market expert PlanD has identified a bullish dual pattern, suggesting an imminent price rally for SUI.

PlanD's analysis, published on June 27, highlights two bullish patterns on the SUI daily chart: the bull pennant and the inverse head and shoulder (H&S). These patterns indicate a convergence of technical indicators, signaling a potential major price rally as the second half of 2025 approaches. The inverse head and shoulder pattern, a common bullish reversal pattern, formed during SUI’s price correction in Q1. The left shoulder was established at $2.42 in February, the head at $1.74 in April, and the right shoulder at $2.62. PlanD identifies $2.62 as a critical support level, with the neckline of the inverse H&S pattern at $4.25. Breaking past this neckline would confirm the bullish price reversal, setting a price target at $10.74.

The bull pennant pattern, characterized by a strong price uptrend followed by a descending channel, has historically resulted in explosive rallies for SUI. PlanD's analysis shows that the latest bull pennant, formed from mid-2024 to its all-time high in January, suggests a long-term price target of $27, representing a potential 10x gain from current market prices.

At the time of writing, SUI is trading at $2.69, reflecting a 2.23% price gain in the past day. Despite its recent struggles, SUI has seen a 226.33% price gain over the last year, ranking it among the best-performing coins in the current market cycle. This analysis underscores the potential for a significant rally in the SUI market, driven by the confluence of bullish technical patterns.