SUI and TON Hint Incredible Bullish Reversal Potential — Here’s Why

Sui (SUI) and Toncoin (TON) have reached critical support levels, with multiple confluences signaling the potential for an upward rebound. Fundamental developments further bolster the case for a bullish continuation.

SUI Looks Poised for a Surge Toward $3.75

SUI is currently consolidating above crucial support levels, with Fibonacci retracement, trendline support, and moving averages aligning to provide a strong technical foundation.

The weekly chart shows SUI bouncing off the 50-week EMA, an area that has historically acted as a springboard for price recoveries.

This area aligns with SUI’s 1.618 Fibonacci retracement level at around $2.46, further reinforcing a strong demand outlook to back the next upside move toward the 2.618 Fib target at around $3.73 by March.

Beyond the charts, fundamental catalysts are aligning in SUI’s favor.

• The upcoming Sui Basecamp 2025 in Dubai is set to showcase the ecosystem’s growth, with experts, developers, and institutional investors gathering to explore new advancements.
• The integration of wrapped Bitcoin (wBTC) on the Sui Bridge significantly enhances Bitcoin’s liquidity in Sui’s DeFi ecosystem, making it an attractive platform for trading, lending, and borrowing at low costs and high speeds.
• The Phantom wallet’s support for SUI marks another milestone, opening the door for 15 million new users to interact with Sui-based assets.
• The gaming sector is also embracing Sui, as seen with Meta-X’s Dark Machine, an NFT-driven game leveraging Sui’s blockchain technology.
• Institutional players are also taking notice. Libre Capital’s Gateway on Sui provides large-scale investors with access to tokenized investment funds, signaling growing confidence in Sui’s ecosystem.

Additionally, SUI’s Total Value Locked (TVL) is showing a strong recovery, suggesting increased on-chain activity and confidence in the network’s DeFi protocols.

TON: Historical Undervaluation Signals Major Opportunity

Toncoin (TON) has recently reached historically low values in its Normalized Risk Metric (NRM) for both the medium- and long-term outlooks.

This indicator, which measures an asset’s risk-adjusted valuation based on moving averages and logarithmic calculations, now signals that TON is deeply undervalued.

Such conditions have historically preceded major rallies, making this a potential accumulation phase for long-term investors, according to CryptoQuant analyst Joao Wedson.

He opines:

“For investors, this scenario could represent an interesting opportunity to start accumulating TON, taking advantage of a moment when the risk (or the asset’s “valuation”) is at its minimum, suggesting potential for appreciation in the medium to long term.”

From a technical perspective, TON is testing long-term ascending trendline support, which coincided with the 61.8% Fibonacci retracement level of around $3.40. Additionally, RSI levels indicate the token is nearing oversold conditions, suggesting that selling momentum may soon wane.

With these factors in play, TON’s current price levels represent a historically opportune moment for accumulation, as risk-reward dynamics suggest.

If TON holds its support and rebounds, Fibonacci extensions point to potential price targets of $5.25 and $6.39 by March 2025.