The Sui token climbed 27.5% over a three-day period, moving from a low of $0.65 to $0.83. This upward movement followed broader positive momentum across the cryptocurrency market and the launch of Aftermath Perpetuals Futures V2 on the Sui mainnet. The network update included the publication of two audit reports and the introduction of 15 onchain markets, including Bitcoin, gold, and silver.
During the rally, the $0.78 to $0.83 supply zone was broken and subsequently retested as support. According to technical analysis shared by analyst Ali Martinez on X, the monthly timeframe's TD Sequential indicator flashed a buy signal, which historically indicates a potential one- to four-month upswing. Additionally, a doji star pattern formed on the monthly chart, which often signals the conclusion of a downtrend.
Onchain activity also increased significantly, with active addresses rising by 250% over the past week despite generally negative social media engagement. Martinez noted that price action, onchain activity, and market sentiment were beginning to align, pointing to potential bullish targets at $2.30 and $7.90.
However, market analysts also noted caveats regarding the broader trend. On the one-day timeframe, the altcoin's swing structure remained bearish, and Fibonacci retracement levels suggested the current price movement operates as a pullback within a broader downtrend. Technical indicators show that the rally could extend toward the $1.12 to $1.25 range, but a confirmed shift to a bullish market structure requires sustained buying and a breakout past the $1.42 swing high.
