Cryptocurrency analysts track SUI and SUSHI technical patterns

Technical analysts are monitoring specific chart patterns for the SUI and SUSHI cryptocurrencies.

For SUI, a large wedge formation observed since January 2025 has led some analysts to project a potential breakout. Drawing parallels to a 2023 falling wedge that preceded a 1,400% rally, some traders suggest a long-term price target of $20 between 2027 and 2029, based on the 1.618 Fibonacci extension.

Regarding SUSHI, the token is currently compressing within a short-term flag. Analysts are watching for two primary scenarios: a clean breakout above the flag followed by a retest, or a pullback into a specific zone to find bullish price action. A short-term target of approximately +40% has been identified, aligning with the 200% Fibonacci extension of the previous wave. This interest follows SushiSwap's recent commencement of weekly SUSHI purchases.