Sui (SUI) Mimics Chainlink's 2024 Bullish Pattern, Eyes 200% Rally

Sui (SUI), a prominent cryptocurrency, is currently trading near $3.10, and recent chart patterns suggest a potential bullish reversal. The cryptocurrency market is known for its volatility, and identifying key patterns can provide valuable insights into future price movements. For SUI, a familiar fractal pattern from 2024 is forming again on its chart. This pattern, if it repeats as it did in the past, could signal a major upside move for the token. The pattern indicates that SUI might be setting up for a significant price increase, which could be beneficial for investors who are looking to capitalize on this potential bullish trend.

The chart analysis reveals that after a period of messy pullbacks and indecisive price swings, SUI is starting to shape a classic harmonic pattern. This pattern is often associated with bullish reversals in the cryptocurrency market. The harmonic pattern is a technical analysis tool that helps traders identify potential reversal points in the market. When this pattern forms, it suggests that the price of the asset is likely to reverse its current trend and move in the opposite direction. For SUI, this could mean a significant price increase in the near future.

Sui (SUI) is mirroring a fractal pattern similar to Chainlink (LINK) before its explosive rally in late 2024. Back then, LINK had been in a prolonged downtrend, forming a classic head-and-shoulders top followed by a multi-month bottoming phase. Crucially, LINK found strong support in the gray demand zone near $8.50, reclaimed its 50-week moving average, and printed a bullish MACD crossover — a combination that lit the fuse for a +200% move straight toward $30. Sui now finds itself in a strikingly similar position. The price has dropped into its own gray demand zone near $2.80-$2.90, and just like LINK, the MACD is now showing a bullish crossover below the zero line — often viewed as a strong reversal signal. Price action is coiling just beneath the 50-day moving average, which currently hovers around $3.49. A clean move above this level could be the catalyst SUI needs to break out and ignite a broader uptrend.

This strong visual similarity between the two charts, paired with positive momentum signals, adds weight to the bullish case. The potential bullish reversal for SUI is not an isolated event. Other cryptocurrencies, such as Avalanche (AVAX) and Ethena (ENA), are also showing similar fractal patterns on their charts. This suggests that the broader cryptocurrency market may be experiencing a shift in sentiment, with investors becoming more bullish on the prospects of these digital assets. The fractal pattern on AVAX's chart, for example, indicates that the token could be setting up for a major upside move. Similarly, the pattern on ENA's chart suggests that the token could be gearing up for a bullish reversal.

If SUI follows LINK’s 2024 path, a confirmed breakout above the $3.49 level could open the floodgates for a sustained rally. In that scenario, SUI could target $5+, and beyond in the coming months — especially if geopolitical tensions, such as those between Israel and Iran, begin to ease. However, it’s important to note: this setup could fail. A breakdown below the current demand zone would invalidate the pattern and potentially lead to further downside. Traders should wait for confirmation before making high-conviction moves.