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SUI SUI's declining wedge in 2023 triggered a 1,400% surge, and a new pattern in 2025 may herald another round of breakthroughs.
SUI's declining wedge pattern in 2023 once pushed its price to an astonishing increase of 1,400%, targeting the 1.618 Fibonacci extension. A huge wedge structure is forming since January 2025, which could herald another potential breakthrough. Analysts predict that once the breakthrough is confirmed, the price of SUI is expected to reach US$20 between 2027 and 2029.
Historical trend provides reference: Explosive growth in 2023
SUI's previous declining wedge pattern provides an interesting reference for long-term price analysis. In 2023, the token forms a relatively small descending wedge pattern. Subsequently, the price successfully broke through this pattern and started a strong upward trend. According to relevant analysis, the SUI increased by about 1,400% after this breakthrough, and finally pushed it to near the 1.618 Fibonacci expansion level. This historic trend provides background support for the current bullish outlook.
However, past price performance does not guarantee similar results in the future. Market conditions, liquidity and investor sentiment will all affect future trends. Traders should strictly distinguish between historical patterns and confirmed technical signals. Although the early surge was crucial, the current chart shows a much larger pattern. It is reported that since January 2025, SUI has taken longer to build this wider wedge structure.
Can giant wedges drive prices towards $20?
The formation of large chart structures often takes a long time to produce decisive trends. During this period, traders are likely to experience repeated rallies and pullbacks that test market confidence before a clear direction emerges. Due to the impressive performance of previous breakthroughs, SUI's current technical settings have attracted a lot of attention. Analysts believe that this larger format may bring significant price changes, but the final result still depends on market conditions and technical confirmation.
Since January 2025, SUI has reportedly been building a huge declining wedge. Such patterns usually reflect a long period of consolidation in prices. Buyers and sellers gradually form closer trading conditions within the convergent trend line. If prices break above the upper trend line upwards, it may signal a renewed interest in buying. However, the SUI must overcome resistance and confirm continued momentum. A brief upward movement of resistance is not enough to establish a reliable breakthrough pattern.
Long-term analysis positions SUI's 1.618 Fibonacci extension at around $20. Based on this forecast, the token is expected to approach this level between 2027 and 2029. Achieving the $20 target requires a significant increase from current prices. This target price depends on the final breakthrough of the wedge pattern and subsequent price development. Market participants should pay close attention to trading volume and weekly closing prices. Strong trading volume can provide additional confirmation of continued uptrend. Still, technical forms rarely function exactly according to the perfect script, and SUI may also face false breakthroughs, long-term integrations, or new selling pressures.
