Sui Price Pulls Back After Harmonic Pattern Completion – Will It Bounce Back?

The cryptocurrency market is experiencing a slight correction following yesterday’s rally, driven by the release of less-than-expected U.S. CPI data. Ethereum (ETH), which hit a 24-hour high of $2,877 before retracting to around $2,733, is contributing to this broader cooling off, putting pressure on other altcoins such as Sui (SUI). As of writing, SUI is down over 5%, falling from its daily peak of $3.51 to about $3.27. However, a closer look at the chart reveals that SUI might be in the midst of a textbook harmonic retracement pattern.