Chainlink and Sui Setups Signal Potential 80% Crypto Rally
Chainlink and Sui have formed bullish technical setups that could spark the next crypto rally. Price analysis reveals Chainlink (LINK) trading just above a major trendline support since June 2023 and near the base of a long-term triangle on the weekly chart. A breakout toward the triangle’s resistance could yield up to an 80% gain. Meanwhile, Sui (SUI) has corrected by roughly 70–87% from its pivot high, bottoming at a key Fibonacci level near $1.23 and breaking below a descending trendline. Weekly Stochastic RSI readings on Sui and higher time frames are turning upward, signaling strong reversal potential. Traders eye these levels as entry points for a bullish rebound in Chainlink and Sui. (Disclaimer: informational purposes only.)
Bullish
The article highlights bullish technical patterns for Chainlink and Sui, signaling a likely uptrend in both tokens. Chainlink’s position above a long-term trendline support and at the base of a weekly triangle suggests a breakout could drive price gains of up to 80%. The RSI’s downtrend reversal on daily charts further supports upside momentum. Sui’s deep correction to key Fibonacci and horizontal support at $1.23, combined with Stochastic RSI readings bottoming across multiple higher time frames, mirrors past altcoin bounce setups after significant pullbacks. Historically, similar conditions in altcoins have preceded strong rallies once on-chain support levels and momentum indicators align. Traders may view these signals as buying opportunities, with short-term entry points and potential for extended gains over the longer term.