Besides, the SUI price has been printing massive bullish candles ever since the token triggered a rebound in mid-August. The price is consolidating within a narrow range but from a wider perspective, the price is in the last phase of a bullish pattern and hence a breakout from this range may assist the token to form a new ATH.

The weekly price action of SUI suggests the token is about to form a double-bottom pattern and rise above the pivotal range. Currently, the weekly RSI has triggered a bearish divergence before entering the upper threshold, while the MACD shows a massive accumulation of buying pressure. Therefore, the SUI price is believed to initiate a fresh ascending trend with the beginning of the fresh quarter, which may assist the price to rise to new highs. $SUI