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TAO Rallied With Key Breakout — Is SUI Gearing Up For a Similar Move?

TAO Rallied With Key Breakout — Is SUI Gearing Up For a Similar Move?

CoinsProbeCoinsProbe2025/04/19 00:22
By:Nilesh Hembade

Date: Fri, April 18, 2025 | 05:20 PM GMT

In the cryptocurrency market today, the AI-focused token Bittensor (TAO) is coming into the spotlight with noticeable gains, following a key breakout on the smaller timeframes. Meanwhile, Sui (SUI), the Layer 1 blockchain token, is showing a similar price action setup to what TAO exhibited just before its breakout — sparking curiosity among traders if SUI could be next.

TAO Rallied With Key Breakout — Is SUI Gearing Up For a Similar Move? image 0 Source: Coinmarketcap

TAO and SUI Analysis

Looking at the charts side-by-side, TAO recently broke out of a falling wedge pattern on the 2-hour timeframe, surging nearly 15% shortly after reclaiming its 50-period moving average. The move was clean, confirmed with strong bullish candles and backed by an uptick in MACD momentum.

TAO and SUI 2H Charts/Coinsprobe (Source: Tradingview)

Interestingly, SUI is currently mirroring the exact structure that TAO displayed before its rally:

  • Downtrend channel / falling wedge: Similar to TAO before breakout
  • Testing the 50 MA: SUI price is hovering around its 50-period moving average
  • MACD attempting a bullish crossover: Just like TAO showed pre-rally

If SUI follows TAO’s footsteps, a potential breakout from the wedge and 50 MA, could drive its price higher by 15% or more, matching the historical move of TAO. However, it’s important to wait for a clean breakout and retest confirmation above the falling wedge resistance before assuming a similar rally.

For now, traders are keeping a close eye on the SUI chart. If momentum builds, we might witness another strong move similar to TAO’s recent breakout.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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