SUI’s price pattern corresponds to either an impulsive wave formation or a diagonal structure; both patterns point toward additional upside.
So long as this pivotal red line continues to hold, both bullish scenarios steer undisturbed.
While Wave (2) retraces, the nascent Wave (3) may break out anywhere in the $10–$18 range, remaining in step with Fibonacci expansion levels.
Underpinned by two distinct Elliott Wave readings, the digital asset SUI exhibits unmistakable proof of a bullish continuation. At present, analysts contend that an impending impulsive move signals that the token is ready to enter the opening phase of an extended upward swing. Such a formation is commonly linked to escalating momentum and a steadily expanding surge of investor interest.
By contrast, a more cautious view predicts the formation of a diagonal at the cyclical level. Even though its progression remains sluggish, the pattern nonetheless remains bullishly oriented. The red invalidation line frames one interpretation, and the other rests upon the very same decisive benchmark. Validity for each count rests upon the critical nature of that support level. Should the price pierce this level upward, it would signal strength; in contrast, bias may shift should the market decline below it.
Wave Structure Suggests Expansion with Corrections Ahead
Recent chart analysis highlights a completed five-wave move that likely ends the first leg of a larger trend. With this adjustment, SUI moves into what is projected to be a corrective period now labelled wave (2). There are also the Norgate zones of support identified in the 23.6 percent, 38.2 percent, and 61.8 percent retracement probabilities relating to the Fibonacci ratios. Traders who act by following the trend are provided with support by the levels, as at these levels, discouraged buyers can enter the market.
The precise corrective structure is still a mystery, but analysts recommend that wave (2) may assume virtually any form. But it may not be so indeed in the form of a triangle. The market has defined this phase as the market focusing on what will trigger the correction and how long it will be before leveling off. As soon as it is confirmed, the following bullish wave (3) might drive the prices up.
Macro Outlook Targets $10 and Beyond.
On a longer-range outlook, SUI is still carving a clear macro uptrend, even though its trading history is still limited. The impulsive breakout in the B wave eliminated earlier flat correction projections and lent greater support to the bullish outlook. These price dynamics imply that the market might be poised to launch into an extension of a higher-degree wave (3).
Prospective objectives for the coming leg are estimated to sit between $10 and $18. These targets correspond to widespread Fibonacci expansion zones connected with routine third-wave price swings. As long as SUI upholds its key support, the technical picture encourages upside over the forthcoming months.
<p>The post SUI Set to Soar—Two Bullish Counts, One Key Support first appeared on Coin Crypto Newz.</p>
