Can Sui Follow Bittensor’s Breakout Pattern? Analysis of Price Action

The cryptocurrency market witnessed notable gains for Bittensor (TAO) today, with the AI-focused token breaking out of a falling wedge pattern on its 2-hour timeframe. This rally has sparked curiosity in traders about whether Sui (SUI), another Layer 1 blockchain token, could be next in line to experience similar price action. 2H charts reveal that SUI displays a structure remarkably similar to TAO’s before its breakout. TAO and SUI chart comparisons show similarities in their downtrend channels, falling wedges, testing of the 50 MA, and MACD momentum leading up to both breakthroughs. While a potential breakout from the wedge and re-test above the resistance could drive SUI’s price up by 15% or more like TAO’s recent rally, traders are advised to wait for clear signals before assuming a similar movement.