SUI Price Holds Ascending Triangle As Breakout Could Drive Price Toward $10

By Bena Ilyas | Edited By Ammar Raza,August 1, 2026, 1:00 PM

SUI price remained under pressure on August 1 after posting a small daily loss, while market analysts debated whether the token is preparing for a major recovery or another move lower.  The cryptocurrency currently trades within a vital technical formation which may dictate its future direction over the next few weeks.

At the time of writing, SUI price stands at $0.6842, dropping by 0.58% over the previous 24 hours. The token registered a daily trading volume of $176.45 million and a market capitalization of $2.77 billion, securing it a 0.13% share of the whole crypto market.

Also Read | SUI Crosses $114 Billion YTD Volume as Open Interest Rises 74%

SUI Price Targets Reach $20 Outlook

According to a recent post by crypto analyst Crypto Patel, SUI price continues forming a major long-term accumulation setup, even as many investors pay attention to other cryptocurrencies that show better performance.

Patel claims that the token continues to print higher lows while staying in a wide consolidation range. The analyst highlighted an entry zone in the $0.70-$0.50 area, saying that patient investors may find a lot of opportunities in the long-term setup.

Patel also named the target prices of $5, $10, and $20, saying that some of the best opportunities usually appear when the sentiment towards an asset is still negative. However, the analyst noted that his views are just an opinion and not investment advice.

Ascending Triangle Keeps SUI at Decision Point

In terms of its daily chart, SUI trades within an ascending triangle pattern, which features an ascending support line and a horizontal resistance zone.

SUI returned back to the ascending support trendline which became one of the most important technical levels on its chart right now.  As long as the token remains inside the triangle, the market is expected to stay in consolidation until a confirmed breakout or breakdown occurs.

Although long-term investors continue watching for accumulation, the current chart structure still favors the downside in the near term.

SUI price has continued printing lower highs while repeatedly failing to move above resistance. If the ascending support breaks, analysts expect selling pressure to increase.

A confirmed daily close below support could send the token toward the next major support area between $0.55 and $0.53. A failed attempt to reclaim the broken trendline would further strengthen the bearish outlook.

This downside scenario remains the higher-probability outcome unless buyers regain control with a convincing breakout.

Why This Matters for SUI Investors

The current setup is important because SUI is approaching a technical level that could shape price action over the next several weeks.

Long-term holders are watching whether the project can maintain its higher-low structure, while short-term market participants are waiting for confirmation before taking larger positions.

The outcome could also influence confidence across other layer-1 blockchain projects, as investors continue looking for networks capable of attracting developer activity and user growth despite broader market uncertainty.

For now, SUI remains caught between strong long-term expectations and short-term technical weakness. Whether buyers defend support or sellers force a breakdown will likely determine the token’s next major move.

Also Read | XRP Price Prediction: Can Bulls Reclaim $1.19 as XRPL Activity Holds Steady?

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.