It seems like $SUI was The Best Asset of 2024, But in 2025 It is almost DONE !!!
Today we will take a look at the coin $SUI which is hovering around $3.08-$3.10 RN after reaching ATH this year and brought a lot of profit to its holders.
Now the question is whether it is time to shift focus from SUI to another coin or whether this coins is the next $ETH ?
To Answer this question lets divide SUI movement in 5 Waves.
1️⃣ 1st Wave:
If we take a look at the weekly time frame, the Elliott waves theory tells us that listing pump was just a 1st wave.
2️⃣ 2nd Wave:
Later, we have seen the consolidation in a wide range. Its price was able to maintain at pretty high level and continue rising/pumping. We can count this as 2nd wave in a shape of flat correction ABC.
3️⃣ 3rd Wave:
After that price started the impulsive 3rd wave. This wave has the maximum target at 2.61 Fibonacci extension at $6. Correction can start in any moment now, so this token is dangerous.
4️⃣ 4th Wave:
After corrective 4th wave, which can reach approximately $3, we expect the final 5th wave,
5️⃣ 5th Wave:
5th wave has the targets above $8.