SUI bullish breakout eyed after cup-and-handle setup

Lennaert Snyder’s bullish stance on SUI comes after sustained pressure, suggesting a potential regime shift if price can break past near-term resistance. The noted levels at 3.76 and 3.83 act as critical inflection points; a clean breakout through these zones could unlock a path to 4.00, with targets extending to 4.36 and 4.84. This implies a positive risk-reward setup if buyers gain momentum on a breakout or strong pullback that returns price toward support.

The cup-and-handle pattern cited by CoinGape offers a traditional bullish signal, indicating potential for longer-term upside once a breakout confirms. The pattern’s validity depends on volume and a sustained move above the breakout threshold, which would validate the continuation thesis in the near term.

In the short term, pullbacks to the ~3.70 area may present attractive entry points for bullish positions, provided the broader market conditions remain constructive. Risk factors include a failed breakout, a return of selling pressure, or macro conditions that derail the trend. Traders should monitor intraday momentum, volume on a breakout, and any shifts in sentiment that could alter the trajectory.