SUI Set to Explode: Re-Accumulation Signals Potential $20 Surge

SUI is consolidating tightly between $1.6 and $2, creating a strong base of demand indicated by repeated rebounds and liquidity grabs.

This steady re-accumulation on higher timeframes suggests institutional buying interest and lays the groundwork for a major breakout.

The current price action reflects long-term accumulation rather than distribution.

Consolidation Near $2 Fuels Anticipation for Massive Upside

SUI's price pattern reveals a shrinking wedge formation that typically precedes sharp breakouts, marked by narrowing trendlines and trend channel compression.

Strong volume spikes during dips below support have trapped short sellers and allowed larger players to accumulate quietly.

This accumulation zone demonstrates significant buying strength, rejecting downward pressure with long lower wicks on candles, an indicator of demand absorbing selling attempts. As long as SUI stays above $1.6, buyers retain control.

Chart projections point to a possible upside target near $20 if momentum sustains, reflecting a potential price increase of over 1,100%.

In the near term, intermediate resistance levels exist around $5, $8, and $12, where continued volume support is crucial to maintain bullish momentum.

Current trading volume exceeding $1.4 billion and a price uptick to $2.14 reinforce the ongoing accumulation phase.

Analysts highlight the significance of this re-accumulation phase, observing that past liquidity grabs have historically preceded strong upward trends.

The pattern reveals a market transitioning from compression to expansion, bolstered by growing buyer demand signaling renewed optimism for SUI's future performance.

SUI's advanced blockchain technology enabling parallel transaction processing underpins long-term confidence in the token's growth potential.

Amid sustained volume inflows and price consolidation, the conditions are ripe for a parabolic surge that could reshape SUI’s market trajectory.