Sui (SUI) and Chainlink (LINK): which altcoin is ready for the biggest jump? In-depth analysis of technical levels

$SUI: Epochal Correction Opens the Door to a New Rally

As Bitcoin forms its bottom, altcoins are also preparing to move to the next level. On the weekly chart $SUI , a picture emerges that inspires optimism among technical analysts. The price has fallen from $5.37 to the current $1.83 — a 66% decline, representing a significant correction in the early stages of a bullish market.

Interestingly, a clear reversal is observed at the lower part of the chart. Stochastic RSI indicators on the weekly, bi-weekly, and monthly timeframes are simultaneously starting to move upward from the bottom — a rare synchronization of signals that often precedes powerful rallies.

There is a likelihood that the price will touch the 0.786 Fibonacci level, which perfectly coincides with a horizontal support at $1.23. However, after that, everything indicates that $SUI is preparing to break through the downtrend line and begin moving toward previous highs. The growth potential for SUI at this stage indeed appears substantial.

$LINK: Breakout Dynamics on Daily and Weekly Levels

The daily chart $LINK demonstrates a classic setup for a breakout move. The price is currently very close to the downtrend line, which has been forming since June 2023, and is also near an important horizontal support line. This means that a breakout is inevitable in the near future.

On the RSI indicator, a clear downtrend has been visible since July, but signs indicate that the indicator is reaching a critical point. When RSI turns upward from these levels, it is usually accompanied by a sharp price movement. Although a breakdown below horizontal support is theoretically possible, in practice, the scenario seems unlikely under current market conditions.

The current price $LINK at $13.41 represents a 75% decline from its all-time high of $52.70 — such a correction essentially creates ideal conditions for entry.

Big Triangle $LINK: 80% of Current Value to the Upper Boundary

On the weekly timeframe, the situation for $LINK looks even more attractive. The price is forming a large symmetrical triangle, and the current position is right at its lower apex. The geometry of this formation indicates a potential move of about 80% from the current level to the upper trendline of the triangle.

It is important to understand that this is a calculation without considering a possible breakout beyond the triangle itself, which would have much greater potential. If the triangle resolves into a bullish scenario, then $LINK could show a much stronger result than basic calculations suggest.

Conclusion: Both Altcoins in Ambush

Both $SUI and $LINK demonstrate technical setups that are very rarely seen. Deep corrections, reversal signals from key technical indicators, and the formation of classic price patterns — all of this together creates an environment for a powerful rebound. The question is not whether they will rise, but how far they can go during the next big crypto market rally.