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

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.

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 I is currently mirroring the exact structure that TAO displayed before its rally: Downtrend channel / falling wedge: Similar to TAO before breakoutTesting the 50 MA: SUI price is hovering around its 50-period moving averageMACD 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.