SUI targets 8–10 USD as bullish pennant forms; breakout potential ahead

SUI is still trading well below what I view as its fair value, but the technical setup is compelling. On the weekly chart, there has been over 300 days of accumulation within a symmetrical triangle. During this period, several corrective moves formed channels downward, with green lines marking solid support floors. The breakout above the downward-channel ceiling recently triggered a fresh upmove, signaling a possible continuation higher. A key bullish signal now is the formation of a bullish pennant on a lower timeframe. A breakout from this flag could sustain the uptrend and unlock higher targets beyond the current range. Tech targets sit around a first resistance band of roughly 4.8 to 5.4 USD. Clearing this area would open the path toward higher projections in the 8 to 10 USD region, where further resistance and upside potential could materialize. Overall, the setup favors a cautious bullish tilt, but it also hinges on a clean breakout and sustaining momentum beyond the initial targets. Investors should watch for a decisive close above the 5.4 USD level and monitor volume for confirmation of the breakout.