SUI/USDT Market Analysis – Mid-May 2025
Current Trend: Market reacting to key support zone
Support Zone: $3.64 – $3.74
Resistance Zone (B-Wave Target): $3.95 – $4.21
Major Resistance: $4.10 (Structural Resistance)
Market Outlook:
SUI recently bounced from the key support zone between $3.64 and $3.74, a level identified in the prior analysis. However, the bounce hasn’t shown strong impulsive behavior yet, leaving some ambiguity in short-term direction. The current movement is likely a B-wave rally, which historically lacks precision and can be highly emotional or erratic.
There are two key scenarios:
1. Bullish Scenario (Orange Count)
A direct continuation to the upside could occur if price breaks $4.21 with strength.
This would confirm the bullish wave structure and invalidate the deeper correction.
2. Corrective Scenario (Preferred Count)
A completed 5-wave structure indicates the possibility of a larger Wave 2 correction.
Expect potential rejection from the $3.95–$4.21 resistance zone.
A break below $3.64 would confirm the start of the correction, targeting lower levels.
Entry Strategy:
Long Entry (Re-test of Support): $3.64 – $3.74
Stop Loss: Below $3.60
Aggressive Entry (Breakout): Above $4.25 with volume confirmation
Target Levels:
Short-Term Targets (if bounce sustains):
T1: $3.95
T2: $4.10
T3: $4.21
Mid-Term Correction Target (if support breaks):
$3.20 – $3.30 zone
Deeper Wave 2 extension could reach even lower
Conclusion:
SUI remains in a consolidation phase with signs of a potential B-wave rally in progress. Traders should watch the $4.10–$4.21 zone closely. A strong rejection here may trigger a deeper correction, while a clean breakout could reignite bullish momentum.
Key Level to Watch: $3.64 – A breakdown below this level confirms bearish continuation.
#SUI #CryptoAnalysis #MarketUpdate #MarketAnalysis #CryptoNews