SUI, the native token of the Sui blockchain, has recently caught traders’ attention after forming a bullish flag on the 3-day timeframe. This classic technical setup signals the continuation of a strong uptrend.
Breakout from Bullish Flag
After a strong rally, the token consolidated into a downward-sloping channel, forming a textbook bullish flag. This week, SUI broke out above the flag’s resistance and has already completed a healthy retest — a strong signal for continued upward momentum.
Price Target at $10
Following the breakout and retest, many traders are now setting their sights on a midterm target of $10. This projection isn’t arbitrary — it’s derived from the height of the flagpole that formed before the flag pattern. Applying that height to the breakout point suggests a potential price of around $10 if the move continues without major interruption.
What to Watch Next
While the breakout is promising, traders should still monitor volume and momentum indicators to confirm strength. A sustained rise in volume could push SUI higher, while declining activity might signal a false breakout. For now, the setup looks favorable, especially for midterm holders aiming for the $10 mark.
The SUI breakout from the bullish flag opens new growth prospects for the token; however, caution and close monitoring of market indicators remain important aspects for traders.
