SUI Price Ready for $3 Surge? Analyst Highlights Perfect DCA Zone

The crypto market extended its correction on Friday's U.S. market session as Bitcoin struggles to surpass the $70,000 barrier.

After a brief recovery, the crypto market encountered selling pressure on Friday’s U.S. market session, halting the bullish momentum. Bitcoin price struggles to surpass the $70,000 barrier.

Major altcoins like Dogecoin price encountered a pullback from $0.14 highs, while SUI price presents an ideal zone for Dollar-Cost Averaging (DCA), offering a strategic entry point for long-term investors.

SUI Price Offers DCA Zone, Hints at $3 SurgeA recent tweet by crypto analyst Suipiens.su highlights what they describe as the “Perfect Zone” for dollar-cost averaging (DCA) into SUI. According to the shared chart, the SUI price resonates within two rising trendlines, indicating the formation of a broadening wedge pattern.

Generally, the pattern’s two diverging trendlines indicate market uncertainty and a lack of dominance from buyers or sellers. By press time, the SUI price traded at $1.87 and retested the bottom ascending trendline.

Analysts have identified this as the final dip before SUI reaches new highs, noting that the current support level has provided key dynamic backing since late September. If the pattern holds, the altcoin could surpass the $2.36 ATH (All-time-high) and chase the $3 target.

SUI DeFi Ecosystem Booms as TVL Jumps to $995.5M

According to DeFiLlama data, SUI’s Total Value Locked (TVL) has surged from $313.5 million to $995.5 million—a 217.54% increase—within three months. This sharp rise in TVL signifies growing investor confidence and increased adoption of SUI’s DeFi ecosystem.

The substantial influx of capital suggests that users are increasingly locking assets in SUI-based protocols, bolstering the bullish outlook for price recovery.

SUI Price Analysis: Wedge Pattern Hints Imminent Breakout

In the last 12 days, the SUI price recorded a notable pullback from $2.35 to $1.85, registering a 21% loss. A price analyst, CryptoBull360, revealed this pullback as the formation of a falling wedge pattern in the two-hour chart.

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