SUI Price Forecast: Anticipating a Significant Surge

Analyzing the Potential Wave 3 Breakout for SUI

The SUI cryptocurrency is gaining renewed attention as financial analysts foresee a substantial price escalation. Utilizing Elliott Wave theory, experts suggest that SUI might be on the brink of a significant increase, potentially reaching $10 by mid-year. This prediction is based on its current adherence to a classic Elliott Wave pattern since April 2025, indicating the altcoin’s readiness for a potential upward trajectory.

Understanding the Elliott Wave Structure

A detailed analysis from Crypto Bullet on X (formerly Twitter) reveals that SUI might be progressing into its third wave, known for its strength and rapid gains. The Elliott Wave analysis highlights a completed five-wave impulse originating from April’s lows, forming the initial Wave 1. This was succeeded by a corrective phase, Wave 2, which seems to be concluding.

Forecasting the Price Movement

According to the analysis, SUI’s price movement is currently following the predicted wave count. The initial rally in Wave 1 exhibited strong momentum, supporting the possibility of a significant upward trend. Despite recent market fluctuations and security concerns caused by the Cetus hack, the anticipated correction in Wave 2 was deemed necessary for setting the stage for the subsequent rally.

Technical Indicators Suggest Bullish Momentum

Funkii.sui, a market analyst on X, has identified a bullish Moving Average Convergence Divergence (MACD) crossover in SUI’s technical chart. This crossover, a key momentum indicator, suggests the potential onset of a new macro uptrend following a period of consolidation.

Potential Price Targets

Currently, SUI is trading at approximately $3.64. If the wave count aligns as anticipated, analysts project a breakthrough of resistance levels around $4.70 and $5.20, heading toward double-digit territory. The analysis also indicates a possible climb to the $13 – $14 range during Wave 3, with further potential growth reaching $16 – $18 as Wave 5 develops.

Historical Patterns and Future Predictions

Historically, the MACD crossover has led to substantial price gains, as seen with SUI’s previous surge from under $0.6 to nearly $5. Funkii.sui predicts that if this pattern recurs, SUI could reach $16 or beyond, marking a significant percentage increase.