Date: Wed, June 18, 2025 | 05:40 AM GMT

The cryptocurrency market is once again caught in a storm of volatility as geopolitical tensions between Israel and Iran continue to rattle investor sentiment. Ethereum (ETH), the second-largest crypto by market cap, has taken a notable 9% dip over the past week, now hovering around $2,540. Unsurprisingly, altcoins aren't spared — and Sui (SUI) is among the notable assets facing a pullback.

The Layer 1 token saw a weekly decline of 16% extended monthly decline to 22%, But beyond the red candles, there might be a bullish story quietly unfolding —a potential bullish setup quietly mirroring a historic fractal from LINK’s past.

Source: Coinmarketcap

Sui (SUI) Mirrors LINK’s 2024 Setup

Zooming out on the weekly timeframe, SUI appears to be tracing a fractal pattern similar to Chainlink (LINK) before its explosive rally in late 2024.

Back then, LINK had been in a prolonged downtrend, forming a classic head-and-shoulders top followed by a multi-month bottoming phase. Crucially, LINK found strong support in the gray demand zone near $8.50, reclaimed its 50-week moving average, and printed a bullish MACD crossover — a combination that lit the fuse for a +200% move straight toward $30.

LINK and SUI Fractal Chart/Coinsprobe (Source: Tradingview)

Sui now finds itself in a strikingly similar position. The price has dropped into its own gray demand zone near $2.80-$2.90, and just like LINK, the MACD is now showing a bullish crossover below the zero line — often viewed as a strong reversal signal. Price action is coiling just beneath the 50-dayy moving average, which currently hovers around $3.49. A clean move above this level could be the catalyst SUI needs to break out and ignite a broader uptrend

This strong visual similarity between the two charts, paired with positive momentum signals, adds weight to the bullish case.

What’s Next for Sui (SUI)?

No chart pattern is a crystal ball — but crypto markets are notorious for repeating historical fractals, especially when sentiment shifts.

If SUI follows LINK’s 2024 path, a confirmed breakout above the $3.49 level could open the floodgates for a sustained rally. In that scenario, SUI could target $5+, and beyond in the coming months — especially if geopolitical tensions, such as those between Israel and Iran, begin to ease.

However, it’s important to note: this setup could fail. A breakdown below the current demand zone would invalidate the pattern and potentially lead to further downside. Traders should wait for confirmation before making high-conviction moves.

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

Also Read: Is FET Gearing Up for a Bullish Reversal? This Fractal Saying Yes!