Sui (SUI) Flashes Potential Reversal Setup – Will It Bounce Back?

Date: Thu, June 05, 2025 | 06:45 PM GMT

The cryptocurrency market continues to experience a sharp pullback, pulling major tokens into the red zone. Bitcoin (BTC) briefly dipped to around $103,000, while Ethereum (ETH) slipped to $2,580—both retreating from recent multi-month highs. This wave of correction has also affected altcoins, with Sui (SUI) among the notable losers today.

After tumbling over 13% in a week, SUI has given up all of its monthly gains. However, despite the pain, a potentially bullish structure is quietly emerging on the 4-hour timeframe — a harmonic pattern that may hint at an upcoming reversal.

Source: Coinmarketcap

Bearish Cypher Harmonic Pattern in Play

A closer look at the SUI 4H chart reveals what appears to be a Bearish Cypher harmonic pattern — a technical setup known for forecasting a short-term bullish recovery before a reversal at the final leg. This pattern is characterized by five distinct price swings, labeled X-A-B-C-D, with each point conforming to Fibonacci retracement and extension ratios.

The structure began to take shape after SUI topped out near $3.73 (point X), then fell to $3.05 (point A), rallied to $3.57 (point B), and has now dropped again to around $3.03 (point C). While the final leg from point C to D is still unfolding, SUI appears to be hovering near what could be a pivot zone — the $2.95–$3.00 range — where buyers may attempt to regain control.

SUI 4H Chart/Coinsprobe (Source: Tradingview)

If this zone holds and SUI begins to rebound, the Cypher pattern forecasts a potential move toward the 78.6% retracement of the XC leg around $3.59, and possibly the 100% extension at $3.73. From current levels, that represents a possible upside of 17% to 22%.

What’s Next for SUI?

While SUI has not yet confirmed a firm bottom for point C, the pattern suggests that the token is approaching a critical inflection point. A bounce from the $2.95–$3.00 region would complete the C leg and open the door for a move up toward point D.

However, patience is crucial, as the pattern still requires confirmation. If support holds and the structure plays out as expected, the coming days could bring a recovery toward the $3.60–$3.73 region — a welcome relief for holders amid this broader market cooldown.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.