Key Insights:
- SUI price is approaching a major breakout setup highlighted by a top trader.
- If the pattern plays out, the move could deliver a 168% breakout.
- A successful breakout would put the cryptocurrency on track toward $2.34.
SUI price slipped into a critical zone after months of steady decline, and traders said the latest weekly liquidity sweep had been the first hint of a shifting market structure that could trigger a breakout rally to $2.3378.
The cryptocurrency had already fallen almost 70% from its January peak and was testing a long-term support level that has guided its trend through the year.
Beneath the surface, the network has been telling a different story amid a 900% growth in total accounts over the year, showing strong underlying activity despite the bearish chart.
This contrast between price weakness and on-chain growth has created a tense setup that many said could shape the next phase for SUI crypto.
SUI Price Prediction: Can it Rally 168% to $2.34?
SUI price is now drifting into an important support zone, and the chart shared by @Don captures this moment with clear precision. The SUI crypto moved back to a key long-term trendline, which marked several major turning points in 2023.
Each time it touched this level in the past, a strong rebound followed, and the latest return proved buyers were just getting started.
Over the past year, price action has also carved out a broad descending wedge. Lower highs reflect steady selling pressure, but the lower boundary has continued to hold firm, showing that demand is still quietly defending this zone.
As SUI price moves deeper into this structure, the pressure on the downside is slowing. The chart shows calmer momentum and a market that looks close to exhaustion.
The measured projection from this setup points to a 167.35% move if SUI price rallies from the trendline back toward the wedge’s upper boundary. It is a bold target, but it fits the scale of previous recoveries from this same level.
The cryptocurrency sits on familiar floor at a moment when sentiment is stretched, and supply is thinning.
SUI Has The Most Oversold RSI Since 2023
According to expert analyst and trader CryptoBull, SUI price is starting to firm up after a heavy sell-off, which signals the first clear signs of relief.
The price has bounced from a key support area just as the RSI on both the 3-day and 1-day charts slipped to its most oversold reading since 2023. Traders often watch these moments closely because they tend to mark the point where selling pressure begins to fade.
The rebound also comes directly beneath a major S/R zone that has shaped the trend for more than a year. If buyers keep hold of this move, the immediate target for SUI crypto sits around $1.90–$2.20.
This level has previously acted as strong support and now stands as the first barrier on the way up.
With momentum stretched, structure intact, and a clean reaction from the lows, the setup now leans toward a broader recovery. In addition, it fits the larger 167.35% upside mapped out on the higher timeframe.
As per an X post on the SUI Community, money usually flows back to assets with a strong track record.
With the SUI price sitting at major support, its lowest valuation in about 18 months, and growing momentum from the Grayscale Trust and ecosystem expansion, many see this as a clear accumulation zone.