SUI Tests Long-Term Channel Support, Analysts Project 860% Rally to $20

SUI is currently trading near $1.80, holding a critical long-term ascending channel support level that historically triggered a massive 1,060% price rally. According to analysis from Ali Charts and Alt Crypto Gems, this pattern has reemerged, with projections mapping an 860% upward path toward $20 if historical behavior repeats.

The coin's price action is confined within a broad ascending channel intact since 2023, with key short-term resistance levels identified at $2.05, $2.27, and $2.72. A breach above $2.40 could signal bullish momentum, while support zones at $1.76 and $1.71 act as critical risk levels. Technical indicators show mixed signals: RSI is at 36.132, indicating weak momentum, while MACD remains negative but could shift with a positive crossover. The Ultimate Oscillator at 52.479 hints at early buying pressure near support.

Analysts, including insights from Sui Intern, emphasize that a weekly close above the mid-channel is essential for confirming buyer control, whereas a breakdown could lead to deeper losses. The current setup mirrors the prior cycle where SUI surged from channel lows, and traders are closely monitoring these levels for potential entry points.