Analyst Ali Martinez believes SUI has completed a textbook bullish retest and is now aiming for $7. His latest chart outlines a clear breakout structure, key Fibonacci targets, and the conditions needed to keep this move alive. At the time of his post, SUI was trading near $4.06, already showing signs of renewed momentum.
What you'll learn 👉
SUI Chart: A Breakout Months in the Making
The chart shows a large symmetrical triangle pattern that has been forming since early in the year. The lower trendline has been climbing steadily from April’s lows, while the upper trendline has been drifting down from the February peak. This type of pattern often signals a major move ahead, with the breakout direction determining the trend.
Earlier this month, the SUI price pushed above the descending resistance line for the first time in months. Rather than running immediately higher, the price came back to retest that breakout level. This retest happened around the $3.70–$3.80 area and, importantly, it held. Martinez calls this the bullish confirmation that clears the way for the next phase of the rally.
$SUI bullish retest complete, targeting $7! pic.twitter.com/IimwBmUzaE
— Ali (@ali_charts) August 14, 2025
The Fibonacci Roadmap
Martinez’s chart uses Fibonacci retracement and extension levels to map out the journey to $7:
- $4.23 – First major resistance, aligning with the 0.786 retracement level. A daily close above here would show that buyers are firmly in control.
- $5.25 – A key target and the previous swing high. This is likely where the market could pause or consolidate before pushing higher.
- $6.90–$7.00 – The main bullish objective, matching the 1.272 extension. This zone could attract profit-taking but would also confirm a major breakout.
In a stronger scenario, momentum could carry SUI toward $7.90, which aligns with the 1.414 extension and would represent a full continuation of the measured move.
The exact path to $7
If SUI can hold above $3.80 in the short term, the next step is breaking $4.23 with strong volume. From there, a rally toward $5.25 is the logical next move. After a brief pullback or sideways action around that level, the chart suggests a second push targeting the $6.50–$6.90 range. If bullish sentiment remains strong, a final leg into $7 could follow.
This step-by-step climb would mirror many past breakout structures, where the market moves in bursts separated by short consolidation periods. It allows traders to rotate in and out without derailing the overall trend.
The bullish scenario remains intact while SUI stays above $3.57. A drop below $3.70 would be the first warning sign that momentum is weakening. If $3.57 breaks, the move could be in danger, and lower supports at $3.17 or even $2.82 may come back into play.
Read also: GROK Predicts SUI Price in August
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