The SUI price is down around 7% this week, now trading around $4.8. Considering the fact that ETH, DOGE or SOL lost over 10% during the same period, this is not such bad news for SUI holders.
“Martini Guy,” who has over 640k followers on X, updated his SUI price prediction with a bold forecast for the token’s future.
Looking at the technical analysis, SUI has been forming an interesting pattern on the charts. After a strong uptrend in late 2024 that saw the price break above $2 and surge toward $6, the token has entered a consolidation phase. The SUI price is currently moving within a descending wedge pattern, bouncing between $4.5 and $5.3.
The $4.5 level has proven to be a crucial support zone, with buyers consistently stepping in whenever the price approaches this area. This price action has created a well-defined pattern that traders often interpret as a potential launching pad for the next move.
The next 12 months $SUI will go from $5 to $50 pic.twitter.com/lR7xq8rxzq
— That Martini Guy ₿ (@MartiniGuyYT) January 12, 2025
A Bold SUI Price Target for 2026
Martini Guy’s analysis suggests a massive breakout from the current consolidation pattern. His SUI chart shows a projected move that could take SUI well beyond its previous high of $5.35. In fact, his price prediction puts SUI at $50 within the next 12 months – a move that would represent a 10x return from current levels.
“Martini Guy” likely expects another wave of similar or greater magnitude in the next 12 months. If the first leg went from $0.8 to $5.3 (6x move), a second leg of similar magnitude could theoretically take the price to $50.
While such predictions should be taken with a grain of salt, the current SUI chart setup does show some promising technical formations. The price has been making higher lows since early 2024, and the overall market structure remains bullish despite recent pullbacks.
However, traders should note that even if such a breakout occurs, parabolic price rises often face sharp corrections. Additionally, a drop below the crucial $4.5 support could invalidate this bullish scenario and lead to further downside.
Read also: 5 Under-the-Radar Altcoins Ready to Outshine SUI and XRP in 2025
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