- RSI near oversold levels has historically triggered rallies within SUI’s consolidation pattern.
- Trading volume and market participation remain strong despite recent price weakness.
- The symmetrical triangle structure supports a bullish breakout potential toward $5.
SUI is on the verge of a critical technical crossroad, and the compression in a long-standing symmetrical triangle can be seen in the daily chart. The token remains on strong liquidity and the Relative Strength Index (RSI) indicates a potential bullish correction of an oversold price.
Symmetrical Triangle Holds as Satoshi Flipper Identifies 2X Setup
Analyst Satoshi Flipper (@SatoshiFlipper) shared a chart of the SUI/USDT daily pair, describing a “splendid 2X opportunity” based on historical RSI behavior. The chart indicates an apparent symmetrical triangle that has influenced the price action since early 2024. Every retest of the lower trendline, which is indicated by red Xs, has received strong rebounds, creating a natural beat of accumulation at the bottom.
At the time of writing, SUI trades around $2.53, reflecting an 8.6% daily decline, yet remains structurally sound within the pattern. Every prior dip toward this support has coincided with RSI levels entering oversold conditions, followed by rallies of 60% to 100%. The setup suggests that the token could be nearing another cycle low before an upward continuation phase.
Satoshi Flipper’s analysis emphasizes how compression within this triangle has reduced volatility, potentially setting the stage for a volatility breakout toward $4.50–$5.00. This projection aligns with historical recoveries when RSI resets from “oversold AF” levels, as Flipper described.
RSI and Volume Dynamics Reinforce Technical Strength
The Relative Strength Index is again approaching oversold levels, a point that has previously indicated huge bottoms in SUI. This type of RSI action indicates a cycle of repeated sentiment reset, in which the selling pressure decays before buyers reclaim their grip. Each past rebound from similar RSI zones has resulted in meaningful upside, underscoring its reliability as a market indicator within this pattern.
Although the last drop has occurred, the 24 hours trading is still vigorous with a value of around $1.93 billion and the market capitalization stands at $9.15 billion. Such numbers indicate long-term trader involvement as opposed to loss of confidence in the market. Strong liquidity during corrections often hints at institutional accumulation or active range trading.
The technical story is not changed: as long as SUI is within the range of the $2.40-2.45 support, the overall market bias is favorable. A drop under this area would nullify the bullish formation and reveal lower prices.
Structural Consolidation Signals Potential for Trend Expansion
Beyond immediate price movement, the broader structure suggests that SUI’s current decline may be part of a market reset within an extended accumulation phase. The symmetrical triangle formation has compressed price volatility over several months, typically preceding a decisive breakout.
SUI’s fully diluted valuation of $25.26 billion and 3.62 billion circulating supply reflect a healthy, scalable network environment that continues to attract investors. Gradual token unlocks may contribute to short-term volatility, but they also support steady liquidity distribution across exchanges.
Should the price recover in an RSI fashion and stabilize above the rising trend line, traders can expect a fresh impetus to the upper resistance of $4.50 to $5.00. The consistency of the RSI action, consistent liquidity, and the development of the chart are indications of a developing accumulation phase instead of a collapse.
Overall, SUI remains within a technically coherent pattern supported by strong on-chain participation and trading volume. Should the RSI’s historical rhythm persist, the market could soon witness another sharp upward move, potentially validating Satoshi Flipper’s projected 2X rally opportunity toward the $5 mark.
