- SUI price has bounced 4% in the past week, holding strong support near $3.10.
- Analyst Ali Martinez predicts a breakout to $7 based on an ascending triangle pattern.
- If the move plays out, SUI could rally 110% from current levels, smashing past its previous all-time high.
After a strong August run, SUI couldn’t quite hold its steam. The token slid from highs above $4.10 and dipped close to $3.20 as September rolled in. The pullback spooked some traders, but now things seem to be shifting again. Over the past week, SUI has bounced back more than 4%, hinting that this could just be the start of something bigger.
Analyst Calls for $7 SUI Target
On September 5, well-known analyst Ali Martinez jumped on X to say it might be time for investors to start paying attention again. His view? SUI is flashing a bullish signal that could take it all the way toward $7 if momentum holds.
Martinez pointed to an ascending triangle forming on SUI’s daily chart. This pattern, for those who don’t live in charts all day, is often a bullish continuation setup. It’s basically a flat ceiling on top (resistance) and a rising floor underneath (higher lows pushing price up). When buyers finally break through that ceiling, it can unleash a sharp rally.
Why the Setup Looks Promising
The chart shows SUI tested the lower trendline near $3.10 and bounced back—finding strong support around that level. Martinez still expects one more retest before a breakout, but if the pattern plays out, the math suggests a move toward $7.
The target comes from measuring the height of the triangle and adding it to the breakout level. By that calculation, SUI could rally more than 110% from its current price, even climbing about 30% above its previous all-time high at $5.80.
For now, the triangle’s upper boundary is holding as resistance, but if buyers keep pressing, this could be the start of SUI’s next leg up.
