SUI to $2.29? Seriously?

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Okay, so SUI is doing… something. Apparently, it’s “consolidating” in a “bullish flag.” A bullish flag! 🚩 Like it’s waving at the market saying, “Hey, look at me! I’m bullish!” It’s just… a price.

So, the market’s all over the place, naturally. But SUI decided to take a little breather, forming this… pattern. A “bullish flag.” You know, because that’s totally a guarantee of anything. It’s not like charts are just lines people draw until they see what they want to see. 🙄

SUI Forms Bullish Thingy, Maybe Goes to $2.29

This Ali Martinez guy – who I’m assuming is not related to my cousin Al – says there’s “upward pressure.” Upward pressure? What does that even mean? It’s going up a little, then pausing. It’s called trading! Honestly. He thinks it’s “preparation for another bullish leg.” Like it’s training for a marathon. 🏃‍♂️

Apparently, it went up, then it stopped going up as fast. And now people are calling it a “descending channel.” It’s profit-taking, people! They made money, so they’re cashing out. Shocking! 🤯

Related Reading: Some article about SUI possibly going to $20? Yeah, okay.

So, if it breaks $1.84 – a completely arbitrary number, by the way – then maybe it goes to $2.29. Measured move projection. I swear, they make these terms up as they go along. It’s a fancy way of saying, “we’re guessing.” 🤷‍♀️

They’re calling this a “healthy consolidation phase”. Healthy? It’s a coin! What’s healthy about it? It’s digital! It doesn’t need vitamins!

A “bull pennant” too? Seriously? Now we’re just naming things after flags and sporting equipment. And an “inverse head and shoulders.” It’s like they’re trying to win some kind of chart pattern bingo. 🙄

Some people are even saying $2.50! Now they’re really pulling numbers out of thin air. $2.50. What will they think of next?

Getting to $2.50 “would be a major technical achievement.” It’s a price, for crying out loud! It’s not like it’s landing on the moon. 🚀

It’s up 29% in the last month, which is… fine. But it’s still way down from its peak. $5.35. It peaked at $5.35 and now we’re talking about $2.29? I mean, come on.

They’re Putting Money Into It. I Still Don’t Get It.

There’s more “decentralized finance activity.” DeFi. Whatever that is. Apparently, a billion dollars is “locked” in it. Locked! Like it’s a prison? A digital prison for money? 🔑

People are lending, trading, and… yielding. Yielding! Is that even a verb? It’s probably a verb now. And “developers are still rolling out new applications.” Because we need more applications. 🤦‍♂️

More activity means more demand, they say. Really? Isn’t everything just supply and demand? It’s Economics 101! 📚

The analysts say this “fundamental growth” strengthens the “technical breakouts”. See? More made-up terms. It’s like a secret language. And they expect it to keep going up. Sure they do.

But, you know, be careful. Don’t get too excited. Wait for it to break $1.84. Again, this magic number. Because apparently, the market needs confirmation. Like it has commitment issues. 😬

This is apparently how other layer-1 tokens behave. So, that makes it okay? That’s… logic? This is just ridiculous.

If everything lines up, maybe, just maybe, SUI will go up more. But don’t hold your breath. And definitely don’t invest your life savings. Just saying.

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2026-01-18 20:52