SUI Stair-Step Breakout Awaits Confirmation Above $1.27

SUI has been building a stair-step pattern on its 2-hour chart since September 12, breaking out of three parallel-channel consolidations. The price has consolidated within these channels before breaking out again, with each box representing a pause in the trend.

The latest channel is forming near $1.18, and the trigger for the next leg higher is an hourly close above $1.27. According to Ali Martinez, this level needs to be cleared for the breakout to confirm.

Support for the structure is at $1.11, which has held thus far. If the break confirms, the chart target is $1.60, representing a 31% upside from the current price of $1.22.