The SUI worth is seeing renewed curiosity as analysts predict {that a} main worth transfer is underway. In response to an Elliott Wave evaluation, SUI is getting into Wave 3 and might be gearing up for an explosive surge to $10 by June.
Wave 3 Breakout To Push SUI Price Above $10
The SUI worth motion since April 2025 has adopted a textbook Elliott Wave sample, suggesting that the altcoin could also be getting into a strong uptrend. A technical evaluation shared by Crypto Bullet on X (previously Twitter) forecasts that SUI could also be making ready for a parabolic run to or above $10 by June.
The analyst’s chart exhibits that SUI has accomplished a five-wave impulse from April’s backside, which fashioned a Wave 1 construction. This was adopted by a wholesome worth correction, now labeled as Wave 2, which seems to be both full or very near its finish. The following leg in SUI’s Elliott Wave construction is Wave 3, traditionally the strongest wave and infrequently delivering good points within the shortest interval.
Primarily based on the evaluation, the SUI worth is presently respecting the wave depend. The preliminary Wave 1 rally noticed sturdy momentum, clear sub-waves, and an outlined construction. Regardless of current market uncertainty and the aftermath of the Cetus hack, the analyst famous that the correction part in Wave 2 was anticipated and essential to put together for the subsequent rally.
Primarily based on Crypto Bullet’s evaluation, SUI’s worth motion aligns virtually completely with the classical Elliott Wave Idea. The altcoin can also be poised to enter Wave 3 and probably catapult to bullish targets of $10 and past.
As of now, SUI is buying and selling at $3.64, but when the wave depend performs out as anticipated, the analyst predicts that the altcoin may quickly break resistance ranges close to $4.70 and $5.20 on its approach to a double-digit goal. The chart’s technical roadmap additionally suggests a possible climb towards the $13 – $14 vary throughout Wave 3, with an additional push towards $16 – $18 doubtless as Wave 5 unfolds later within the cycle.
SUI Prints Bullish MACD Cross
In response to a technical chart evaluation introduced by Funkii.sui, a market analyst on X, the SUI worth has simply printed a bullish Transferring Common Convergence Divergence (MACD) crossover — a momentum shift that beforehand led to a rally of over 723.15%. This new crossover means that the altcoin could also be getting into a contemporary macro uptrend after months of consolidation and corrective motion.
Presently, SUI technical indicators level to a robust setup. On the weekly timeframe, the MACD line has crossed above the sign line, indicating a possible for a long-term pattern reversal. The final time this sign flashed, SUI surged from underneath $0.6 to just about $5.
Because of this, Funkii.sui predicts a possible transfer to $16 or greater, representing a acquire of over 593% if the identical sample repeats. The analyst’s chart exhibits that SUI just lately rebounded from a key assist zone across the $1.8 – $2.00 vary. This bounce, mixed with a clear break above the 0.5 Fibonacci stage, indicators the doable finish of SUI’s downtrend and the start of a brand new impulsive wave.
Featured picture from Adobe Inventory, chart from Tradingview.com
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