A renowned cryptocurrency analyst has picked out the bullish technical signs for SUI that may take it towards a potential price range of $8-$10 as the overall market conditions transition into an expansionary phase, according to the analyst. The current market conditions are a representation of structural supports that may indicate that the altcoin is setting up for a strong break higher.

Technical Pattern Suggests Near-Term Upside

In the chart shared by the analyst, it seems like the price of SUI is forming a long-term ascending channel, where prices are forming around the lower boundary of the trend.

The alignment of prices along the boundary of the ascending channel indicates that the altcoin is poised to continue its upside momentum in the market as a result of improved market sentiment.

This is a structural phenomenon that is comparable to other instances where tokens rallied after a protracted period of consolidation, marking the start of a trend.

Also Read: SUI Dips 12% After Failing to Reclaim Critical $1.7–$1.9 Zone

Business Cycle Indicators Point Toward Growth

Analysts mentioned broader market indicators related to the business cycle, which may potentially be moving towards an expansionary phase. Such indicators may have a significant impact on the performance of risk assets such as cryptocurrencies.

When markets move from a contraction or consolidation phase to an expansionary phase, market participants expect to witness more capital inflows and the re-emergence of bulls. If so, a rotation could see assets such as SUI benefit.

Key Levels to Watch for Confirmation

Based on the technical forecast, a possible breakout above $0.423 could potentially start to reveal these upside targets. Subsequently, the subsequent significant price level identified on the chart would be around $0.517, while further increases would target levels within the $8 to $10 region according to the long-term forecast.

These levels are determined on the basis of the highest points of the token in the upward channel and signify points in the past where selling pressure was observed.

Market Context Supporting the Bullish Case

The broader crypto market appears to be displaying improving risk appetite, especially during the initial months of 2026. With Bitcoin seemingly stabilizing along with the beginning of altcoins’ momentum, it is being suggested that investors might begin rotating their capital into assets like SUI that already display resilience.

Further, basic interest in the ecosystem and adoption stories surrounding SUI also contribute to a positive outlook.

Also Read: Sui Mainnet Recovers After 6-Hour Network Stall: No Funds at Risk