This Crypto Trader Makes a Shocking SUI Price Prediction

Sui (SUI) has seen renewed attention as trader Alex Clay highlights a bullish outlook for the crypto. In a tweet, Clay noted SUI’s retest of the neckline from a Cup and Handle formation, indicating a possible upward trend.

With this retest suggesting stability, Clay projects ambitious price targets for Sui. Meanwhile, reports suggest that SUI has led in net inflows, reflecting heightened investor interest. 

Bullish Pattern for SUI: Cup and Handle Formation

The SUI chart reveals a classic Cup and Handle pattern, widely recognized as a bullish continuation signal. In this setup, a rounded bottom forms the “cup,” while a consolidation phase forms the “handle.” 

Such a formation often indicates an impending breakout, suggesting that bullish momentum is building. SUI recently broke above its $1.98 neckline, with a successful retest marking the start of its upward journey.

The breakout’s validation lies in the completed retest of the $1.98 neckline, where SUI’s price established support, strengthening its bullish potential.

According to Clay’s analysis, this successful retest enhances confidence in the upward trend, as support levels often solidify buyer interest, potentially driving the price toward higher targets.

Price Targets and Potential Gains

Alex Clay’s tweet details two major price targets based on the Cup and Handle formation.

The initial target, set at $6.90, reflects the height of the handle, suggesting this level as an attainable short-term goal for SUI traders. 

The full formation height points toward a potential price of $9.60, marking a longer-term upside if SUI price sustains its momentum. These targets are marked on Clay’s chart with clear indicators, helping traders identify potential profit-taking levels. 

The successful retest has positioned $1.98 as a solid support zone, essential for a sustained upward movement.

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