SUI price action is starting to show more bullish signs, and a new chart shared by crypto analyst Ali (@ali_charts) suggests that the Sui Network could be gearing up for a significant breakout. The 3-day chart shows a clear symmetrical triangle pattern that has been forming since February, and now the SUI price has officially broken above the upper boundary of that pattern.
This kind of breakout is usually a sign that a major move is on the way. Based on Fibonacci extension levels added to the chart, Ali believes the SUI price could be on track to hit $7 soon, with longer-term targets going even higher.
What you'll learn 👉
SUI Price Breaks Out of Triangle With Strength
The chart shows that SUI had been consolidating inside a symmetrical triangle, with lower highs and higher lows squeezing price into a tighter range. After months of indecision, that squeeze has finally ended. The SUI price recently moved above the triangle’s upper trendline and is now trading around $3.95.
This breakout happened right after SUI flipped the 61.8% Fibonacci level at about $3.69 into support. That level had been acting as resistance for weeks. The strong candle closing above it confirmed bullish momentum returning to the Sui Network. Ali noted that this structure often leads to sharp upward moves once price clears the top resistance line.
What the Fibonacci Levels Suggest for Sui Price
The chart uses Fibonacci extensions to map possible future price targets if momentum continues. The first key level is the 1.0 Fibonacci extension, which sits around $5.36. That would represent a clear continuation of the breakout pattern. But Ali’s analysis doesn’t stop there. He shows additional targets at $7.30 (1.272), $8.59 (1.414), and even $10.83 (1.618) if buyers continue to push the SUI price higher.
For this move to stay valid, SUI will need to keep trading above the breakout level and hold $3.69 as support. If the price falls back inside the triangle, that would weaken the setup. But for now, things are holding strong and momentum seems to be building. Volume has also picked up, which is often a sign that more traders are paying attention.
Can Sui Network Keep This Rally Going?
If the Sui Network continues to attract users and developers, there’s room for this rally to grow. SUI has already carved out a niche in the layer 1 space, offering fast finality and low transaction costs. As more projects launch on Sui, the fundamentals may start to match the optimism shown in the chart.
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Ali’s chart shows what’s possible from a technical perspective. It’s not a guarantee, but it’s a roadmap. The $7 target is not random, it aligns with a clean Fibonacci projection and a well-formed breakout structure. Traders watching the SUI price now know what to look for.
As of the latest move, SUI is up more than 1.5% on the day and looks poised to make a bigger run if buyers stay in control. All eyes are now on whether SUI can clear the psychological $4 mark and push toward the next key resistance around $5.36.
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