Massive 50M Buyback From SUI Group Fuels Speculation of Explosive Rally Ahead

A $50M buyback by SUI Group sparks rally speculation as analysts see bullish patterns and higher price targets for SUI.

The approval of a $50 million buyback by SUI Group has drawn attention across the crypto community. Traders and analysts are now watching the token closely as technical patterns and strong reserves point toward a possible breakout.

Analysts Discuss Possible SUI Breakout Levels

Crypto analyst Lennaert Snyder suggested that SUI has gained strength after weeks of pressure in the market. He projected that the token could test $3.76, and if it breaks this barrier, it could move toward $4.00 and higher levels.

Furthermore, SUI’s chart also points to a cup-and-handle pattern, a formation that often signals longer-term price increases. Current trading is near $3.70, and analysts believe a close above $3.83 may open the door to $4.36 and even $4.84.

Kyle Chasse, another analyst, noted that SUI is a huge wave and advised traders to learn how to surf it. Another trader known as Crypto King stated that SUI looks ready to break its all-time high with a target near $8.

SUI Group Expands Buyback and Reserves

SUI Group Holdings announced the $50 million buyback after completing an earlier two million dollar repurchase. Between September 10 and September 12, the firm purchased more than 318,000 shares at an average of $4.30 each.

The company also raised its reserves by acquiring 20 million tokens on September 3. This brought its total holdings to 101.79 million tokens valued at $379 million. The reserves are also backed by a $450 million treasury program managed with Galaxy Digital.

SUI Price Predictions and Market Conditions

Technical analysis shows that SUI has found strong support between $3.20 and $3.50. Resistance continues to form between $4.20 and $4.30, and analysts say a breakout above this level may trigger new momentum.

Trader Ali had identified an ascending triangle on the charts, which often indicates upward continuation if resistance is breached. Using Fibonacci projections, analysts see possible targets at $4.79, $5.30, $6.19, and around $7.39 in the short term.

Developments in the ecosystem are also adding strength to the bullish case. The launch of GraphQL RPC and a general-purpose indexer has given developers improved tools for accessing blockchain data. These updates allow easier historical lookups and real-time tracking, which could encourage more activity on the network.