SUI: Where the Price Might Be Heading After the $1.02 Breakout Attempt

SUI is trading near $1.034, attempting to hold above the key $1.02 resistance level after breaking out from a rounded base formation.

The level that matters is $1.02, and price is currently holding just above it near $1.034. That shift from repeated rejection to attempted acceptance defines the current structure more than the pattern label itself.

On the 30-minute chart shared by Ali Martinez, SUI is breaking out of an Adam & Eve formation, with a projected move toward $1.16 if the neckline holds.

Short-Term Price Action

On the 1-hour SUI/USDT chart, price is trading around $1.0342. The recent structure shows a recovery from the February 11–12 lows near $0.88–$0.90, followed by a sequence of higher lows and a push into prior resistance.

Key visible levels:

• Immediate pivot / former resistance: $1.02
• Next resistance: $1.09
• Upside projection: $1.16
• Near-term support: $0.97
• Secondary support: $0.90
• Structural floor: $0.83

Volume expanded during the rebound off $0.88 and moderated as price approached $1.02, suggesting controlled expansion rather than exhaustion. The technical question now is whether price shows sustained acceptance above the neckline or rotates back below it.

Pattern Structure and Measured Move

The Adam & Eve structure consists of a sharp capitulation leg (the “Adam” low) followed by a rounded base (the “Eve” formation). The neckline aligns around $1.02, which price is currently attempting to reclaim.

Ali’s projection points toward $1.16, representing the measured move derived from the pattern’s depth. However, measured targets require confirmation through follow-through, not just a brief breakout.

The difference between continuation and failure lies in whether the market builds acceptance above reclaimed resistance.

Scenarios & Risk Levels

Bullish Continuation Scenario

• Sustained closes above $1.02
• Expansion toward $1.09
• Acceptance above $1.09 strengthens the case for a move toward $1.16

In this structure, reclaimed resistance turns into support, allowing trend continuation.

Bearish Invalidation Scenario

• Loss of $1.02 and failure to hold above $0.97
• A break below $0.90 weakens recovery structure
• A deeper move toward $0.83 reopens downside risk

A rejection back under the neckline would shift the breakout attempt into a failed expansion setup.

Structural Takeaway

SUI is positioned at a technical inflection point rather than mid-range. The reclaim attempt above $1.02 defines the current structure, while follow-through toward $1.09 will determine whether the projected $1.16 target remains structurally viable.

For now, upside continuation remains possible, but confirmation depends on sustained acceptance above reclaimed resistance rather than a temporary push through it.

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