🪙 $SUI Market Update 🪙

SUI has begun a wave 4 pullback after peaking from the Aug 2 low rally. The move is still shallow, and one more high remains possible before a larger retracement.

📍 Key Support Levels:

Wave 4 Support: $3.60–$3.62 (50% retracement; should ideally hold above $3.60)

Wave B / Deeper Pullback Support: $3.41 (must hold to keep bullish short-term outlook)

Main Support Zone: $3.41–$3.69

📍 Key Resistance Targets:

Immediate: $4.00, $4.10

Next Bullish Targets: $4.70, $4.78, $5.30

Extended Bullish Zone: $8.00–$10.00 (longer-term if larger degree wave unfolds)

📊 Wave Structure Outlook:

Above $3.60 → high probability for one more push higher to complete 5 waves from Aug 2 low.

Break below $3.60 → likely in Wave B correction, still valid if $3.41 holds.

Break below $3.41 → bullish scenarios weaken, deeper retracement possible.

💡 Summary:

Holding $3.60 = short-term bullish continuation likely.

$3.41 = critical “do-not-break” level for maintaining medium-term bullish setups.

Targets remain $4.70–$5.30, with potential $8–$10 longer term.

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