- Ali Martinez confirms SUI breakout from symmetrical triangle formation
- Technical projections point to $8 target following months of consolidation
- Token unlock event on August 1 could create selling pressure challenges
Crypto analyst Ali Martinez has identified a triangle pattern breakout for the SUI token, projecting potential gains toward $8 in the coming period. The technical development follows an extended consolidation phase that began forming in late 2024.
SUI currently trades at $4.24 with a modest 0.5% daily increase, while monthly gains have reached 55.7%. The breakout comes after months of sideways price action within the symmetrical triangle structure that contained volatility until late July 2025.
Multiple Technical Patterns Support Bullish Case
The triangle pattern measurement method calculates the $8 target by applying the formation’s height to the breakout point. This approach provides a mathematical basis for the upside projection rather than speculative estimates.
Fibonacci retracement levels between $2.00 and $7.00 create interim resistance zones that could slow SUI’s advance. Key barrier levels sit at $5.00 and $6.00 based on historical price action and technical support areas.
Analyst MartyParty has identified an additional bullish pattern in the form of an inverse head and shoulders formation. With the neckline crossed close to the present price levels of $4.22, this reversal pattern points a possible movement toward $9.73.
Token Unlock Event Creates Near-Term Risk
The bullish technical outlook faces a potential challenge from SUI’s scheduled token unlock on August 1. Approximately 44 million tokens representing 1.2% of market supply will enter circulation through releases to Mysten Labs treasury, community reserves, and early contributors.
Previous unlock events in May, June, and July have created similar supply pressures, with the May release being larger than the upcoming distribution. These scheduled releases can generate selling pressure if recipients choose to liquidate their newly accessible tokens.
Market participants have expressed caution about potential pump-and-dump scenarios around unlock dates. The concern centers on whether early investors or project insiders might use breakout momentum to distribute holdings at favorable prices.
Despite unlock concerns, several prominent analysts maintain positive SUI outlooks beyond short-term technical moves. Michael van de Poppe has described the token as a foundational asset for upcoming market rallies.
