SUI Price Analysis

Key Takeaways

* SUI has surged out of a long corrective phase and is now in a robust impulsive structure.

* SUI has surged out of a long corrective phase and is now in a robust impulsive structure.

* Both 4-hour and 1-hour charts confirm that SUI is advancing in wave (5), with multiple Fibonacci levels ahead acting as potential resistance.

* Both 4-hour and 1-hour charts confirm that SUI is advancing in wave (5), with multiple Fibonacci levels ahead acting as potential resistance.

* However, signs of bullish momentum still dominate despite rising caution from RSI divergence.

SUI Price Analysis

The 4-hour chart of SUI reveals a complete W-X-Y corrective structure that ended on March 11 at $2.13, where the price established a strong accumulation zone.

After the correction was completed, a breakout from the descending channel structure followed at $2.30 on March 24.

The price reached above the 0.236 resistance at $2.83, before retracing to $1.73 (macro low).

After bottoming, the price initiated a five-wave impulsive rally, progressing through wave (5).

The price has broken through the key resistance on May 10 at $3.95 (0.618 Fib retracement), signaling renewed investor confidence.

The next immediate resistance is $4.56 (0.786 Fib), with the ultimate target at $5.32 (1.0 Fib extension).

These levels are aligned with previous structural zones and Fibonacci confluence, marking critical bull decision points.

The 4-hour Relative Strength Index (RSI) has not yet shown substantial divergence on this time frame, suggesting that momentum still favors buyers, though it is nearing the overbought zone.

If the price stalls near the $4.56 zone, a retracement could take the price back toward the $3.53 area (0.5 retracement level).

The bullish breakout from the descending channel and the impulsive structure confirm that the trend is firmly bullish in the medium term.

SUI Price Prediction

On the 1-hour chart, SUI has completed a wave (4) pullback as a descending triangle labeled (a)-(b)-(c)-(d)-(e), followed by a breakout into wave (5).

On the 1-hour chart, SUI has completed a wave (4) pullback as a descending triangle labeled (a)-(b)-(c)-(d)-(e), followed by a breakout into wave (5).

This final wave is unfolding in a strong vertical move, with the price now trading at around $4.20 and approaching critical Fib levels of the internal wave structure.

According to the Fibonacci extension levels, wave (5) may extend toward $4.59 (0.786 Fib), with a possible peak at $4.98 (1.0 Fib) and extreme overextension at $5.46 (1.272).

These targets coincide with broader resistance levels from the 4-hour timeframe, increasing their importance as likely reversal zones.

Momentum remains bullish, but early signs of divergence emerge between the price and RSI, which is failing to make new highs while the price pushes upward.

Momentum remains bullish, but early signs of divergence emerge between the price and RSI, which is failing to make new highs while the price pushes upward.

This divergence suggests that the move is entering its final stages and that a short-term correction could be triggered once wave (5) completes.

To watch for a correction, support levels include $4.08 (0.5 extension) and $3.60 (0.236 extension).

To watch for a correction, support levels include $4.08 (0.5 extension) and $3.60 (0.236 extension).

If the price dips further, $3.18 (lower-degree wave (ii) support) would be a major level to hold.

As long as the structure remains intact, further gains are likely, but profit-taking becomes more reasonable above $4.60.

Key Levels to Watch