- SUI confirms breakout from bullish flag on 3-day chart
- Technical pattern supports a $10 midterm target
- Retest completed, momentum building for upside
SUI, the native token of the Sui blockchain, has recently caught traders’ attention after forming a bullish flag on the 3-day time frame. This classic technical setup often signals the continuation of a strong uptrend, and in SUI’s case, it just delivered.
After a strong rally, the token consolidated into a downward-sloping channel, forming a textbook bullish flag. This week, SUI broke out above the flag’s resistance and has already completed a healthy retest — a strong signal for continued upward momentum.
Midterm Price Target: $10 in Sight
Following the breakout and retest, many traders are now setting their sights on a midterm target of $10. This projection isn’t arbitrary — it’s derived from the height of the flagpole that formed before the flag pattern. Applying that height to the breakout point suggests a potential price of around $10 if the move continues without major interruption.
Market sentiment around SUI has been improving, supported by broader recovery in altcoins and increased activity on the Sui network. If the bullish momentum continues, $10 could be more than just a hopeful target.
What to Watch Next
While the breakout is promising, traders should still monitor volume and momentum indicators to confirm strength. A sustained rise in volume could push SUI higher, while declining activity might signal a false breakout. For now, the setup looks favorable, especially for midterm holders aiming for the $10 mark.
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