SUI Price Picks Up Bullish Momentum — 18% Increase Expected

Key Takeaways

• SUI broke out from the macro downtrend in an impulsive fashion.
• Wave IV correction is likely completed as a bullish triangle.
• Final wave v targets lie above $4.30, near $5.32.

SUI has recently completed a strong impulsive rally following a prolonged corrective phase.

The broader structure now shows a breakout from a W-X-Y correction, giving way to a five-wave impulsive structure, suggesting a macro trend reversal.

However, the current price action hints at a local correction, possibly wave IV, before the final wave V pushes the price higher.

SUI Price Analysis

The higher time frame reveals that SUI ended a descending W-X-Y correction in early March, finding support at $2.10.

Two more sub-waves prolonged this correction, leading to a final low of $1.74 on April 7, after which SUI entered a sustained bull phase.

A breakout from the falling wedge structure began a powerful impulsive wave sequence.

This rally pushed SUI from around $1.80 to a peak near $4.30 on May 12.

The impulsive structure is visible through waves I to III, while wave IV appears to have completed as a falling wedge – a typical bullish continuation pattern.

The Relative Strength Index (RSI) has cooled down from overbought territory and now sits in neutral zones, indicating room for another upward leg.

SUI is now in its end wave V, and with its current recovery testing at the 0.618  Fibonacci level, we will see if there is a potential for a higher high.

The $3.53 level (0.5 Fib retracement from the recent move) supported the correction, while the current bounce from $3.60 further confirms the bullish continuation.

If the impulsive structure plays out fully, wave V may extend beyond the previous high of $4.30, targeting $4.56 or even $5.32 as final wave targets.

SUI Price Prediction

The lower time frame shows a detailed Elliott Wave count, unfolding wave IV as a textbook triangle (a-b-c-d-e).

This indicates consolidation before the final move.

A breakout above $3.90 confirms wave v may be underway, aiming toward the $4.29–$4.98 resistance band.

Support at $3.60 (0.236 Fib retracement) was defended successfully, aligning with a wave IV low.

The structure suggests the rally could extend toward $4.29 (0.618), possibly overshooting to $4.59–$5.32 if bullish momentum persists.

However, if the recent bounce fails and price drops below $3.53, this would invalidate the wave V thesis and point toward a deeper correction.

RSI on the 1-hour remains in a healthy mid-range, providing space for upside movement, though short-term traders should watch for divergence signals.

In the coming days, price action around the $4.08–$4.29 range will determine whether SUI completes its fifth wave or rolls over into a deeper retracement phase.

From the current price levels to the first optimal target of $4.59, there is a 18% increase potential, but the first step in confirming this outlook will be breaking above $4. area.

Key Levels to Watch

• Immediate Support: $3.60 (0.236 Fib of recent rally).
• Structural Support: $3.53 (0.5 Fib retracement).
• Wave High: $4.29 (0.618 extension target).
• Fibonacci Resistance: $4.56 (0.786 extension).
• Macro Target: $5.32 (1.0 extension of wave i–iii).