SUI Token Breaks Out of Falling Wedge, Faces Crucial Resistance

The SUI token, native to the Sui blockchain, has broken out of a smaller falling wedge pattern. According to Giannis Andreou, a crypto analyst, this breakout signals the end of short-term selling pressure and shifts momentum back towards buyers.

However, analysts emphasize that this development is only the first stage of a reversal pattern, and further confirmation is needed for a clear trend change.

The larger falling wedge remains the main technical challenge for SUI. If it manages to break through the upper edge of this formation, price attention will shift to several resistance levels: $0.85, $1.10, and $1.35.