Date: Tue, Aug 12, 2025 | 10:20 AM GMT
The cryptocurrency market is experiencing a mild cooldown as Ethereum (ETH) briefly touched $4,349 before pulling back to around $4,285. This short-term retreat is spilling over into several major altcoins , including Sui (SUI).
SUI has turned red today, slipping around 4%. More importantly, its latest price action is echoing a familiar fractal pattern that could hint at a deeper move lower.
Source: Coinmarketcap
Familiar Pattern Hints at Potential Pullback
On the daily timeframe, SUI has been trading within a broad rising wedge — a formation often linked with slowing bullish momentum and eventual reversals.
A look at the chart shows a clear repetitive fractal. In the previous cycle, SUI staged a strong rally after a bullish moving average crossover (marked by the blue circle), propelling it to the wedge’s upper resistance. This was followed by a breakdown below the 25-day MA, triggering a sharp drop toward the 100-day MA (green circle). While this moving average initially acted as support, a failed recovery attempt (red circle) preceded a decisive breakdown toward the wedge’s lower boundary — a move that carved out roughly a 34% correction.
Sui (SUI) Daily Chart/Coinsprobe (Source: Tradingview)
Fast forward to today, and the setup looks strikingly similar.
SUI recently bounced from the 100-day MA, reclaimed the 25-day MA, and then broke down again — now trading near $3.63, just above the key 100-day MA support at $3.43. This places the asset at the same critical juncture as the last major drop.
What’s Next for SUI?
If the 100-day MA at $3.43 fails to hold, it would confirm the bearish fractal and open the door for a slide toward the wedge’s lower trendline near $2.80 — a potential 22% drop from current levels.
However, if bulls manage to defend the 100-day MA and push back above the 25-day MA, the bearish outlook would weaken. In that scenario, SUI could make another run toward the wedge’s upper resistance, keeping the broader uptrend alive.
