SUI Price Analysis – May 2025
SUI is currently trading in a crucial support zone between $3.64 and $3.74, showing a minor bullish reaction. The market is presenting two primary Elliott Wave scenarios: a short-term bounce is likely in both, but the overall direction will depend on how the price behaves around key resistance levels.
Key Scenarios
1. Orange Scenario (Bullish)
If support holds and price breaks above $4.30, a direct fifth wave move toward $5–$6, potentially even $7, is likely.
This would indicate a continuation of the uptrend without a deeper correction.
2. Yellow Scenario (Bearish/Consolidative)
Current move up is just a B-wave bounce inside a wave 2 correction.
Price may retrace again before resuming the uptrend in a larger wave structure.
This scenario is preferred unless $4.30 is broken convincingly.
Trading Plan
Entry Zones:
$3.65–$3.75 (current support, ideal for risk-managed long)
Watch for price action confirmation near this level
Targets:
Target 1: $3.97 (first resistance)
Target 2: $4.21 (key breakout level)
Target 3: $5.00 (bullish continuation target)
Target 4: $6.00–$7.00 (in case of breakout confirmation)
Stop Loss:
Below $3.60 (loss of Fibonacci support invalidates bullish setup)
Conclusion:
As long as SUI holds above the $3.64–$3.74 range, bulls have a chance to push higher. A decisive breakout above $4.30 would confirm the bullish (orange) scenario. Otherwise, prepare for another leg down as part of a broader correction.
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