SUI Ready For $7 Price Target As Market Pressure Builds — Analyst

Amid a brand new wave of financial tensions between the US and China, Sui (SUI), alongside different cryptocurrencies, has skilled a heavy worth decline prior to now few hours as buyers transfer their capital into extra steady belongings. Despite this mayhem, outstanding market analyst Ali Martinez is backing SUI’s bullish potential, projecting the altcoin to ascertain a brand new all-time high earlier than 2025 ends.

SUI’s Path To $7 

In an X post on October 11, Ali Martinez shares an in-depth market evaluation indicating that SUI could also be on the verge of a serious breakout. Notably, the day by day SUI/USDT chart reveals a tightening worth sample, suggesting an impending important worth upswing offered the cryptocurrency can obtain a breakout from its present consolidation vary.

Based on Martinez’s evaluation, SUI is forming a symmetrical triangle sample that has been growing since early 2025. This construction is often characterised by converging trendlines, representing decrease highs and better lows, which mirror a interval of declining volatility previous a decisive worth transfer.

According to the chart above, a confirmed breakout above the $3.59 (0.618 Fibonacci retracement degree) would set off a pointy bullish wave. The projected path, based mostly on Fibonacci extension targets, locations potential resistance factors round $4.25 (0.786 Fibonacci extension), $5.28 (1.0 Fibonacci extension), and finally $6.97 (1.272 Fibonacci extension) – $7.00. Therefore, this transfer may characterize a 100% market acquire on present SUI  costs.

However, buyers must also notice {that a} failed breakout or rejection close to the higher boundary may result in renewed weak point. A dip under the $3.18 (0.5 Fibonacci) degree would invalidate the bullish setup and expose SUI  to potential declines towards $2.82 and even $2.44.

SUI Market Overview

At the time of writing, SUI trades at $2.67, reflecting a steep 24.74% decline over the previous 24 hours. Meanwhile, day by day buying and selling quantity has surged by 295%, signaling heightened market exercise as merchants react to the sharp selloff. On the broader timeframe, SUI has misplaced 27.85% over the previous week, extending its bearish momentum.

The downturn in SUI mirrors the broader crypto market, which has reacted sharply to latest geopolitical developments. Markets tumbled after US President Donald Trump introduced plans to impose a 100% tariff on Chinese items, a transfer framed as retaliation towards China’s reported intentions to introduce sweeping export controls on a variety of merchandise.

In the aftermath of the announcement, the worldwide cryptocurrency market has dropped 9.75% prior to now 24 hours, with whole market cap now hovering round $3.75 trillion.