TLDR
- SUI price currently trades at $3.64 with Elliott Wave analysis predicting a move to $10 by June
- Technical analysts identify SUI as entering Wave 3, historically the strongest wave in Elliott Wave patterns
- MACD crossover signals potential 593% gain similar to previous rally from $0.6 to $5
- Traditional finance analysts set price targets ranging from $141 to $263 for SUI stock
- Recent institutional activity shows 242 investors adding SUI positions while 295 decreased holdings
The SUI price is attracting attention from technical analysts who believe the cryptocurrency may be positioned for a major upward move. Currently trading at $3.64, SUI is showing signs that could lead to double-digit price levels in the coming weeks.
Technical analyst Crypto Bullet shared an Elliott Wave analysis suggesting SUI has completed its Wave 1 structure since April 2025. The analysis indicates the cryptocurrency followed a textbook five-wave impulse pattern from April’s bottom.
$SUI 1D chart#Sui is still one of the most bullish $Alts right now. We had a clear 1-5 impulse off the April's low – higher degree Wave (1) and now we're cooling off
With or without the Cetus hack, we had to enter the territory of Wave 4. This corrective Wave (2) is complete… pic.twitter.com/5kwdLGNxnk
— CryptoBullet (@CryptoBullet1) May 27, 2025
Following the initial rally, SUI experienced a correction phase labeled as Wave 2. This correction appears to be nearing completion or has already finished, according to the wave count analysis.
Elliott Wave theory identifies Wave 3 as typically the strongest wave in the pattern. These waves often deliver the largest gains in the shortest time periods.
The analyst’s chart shows SUI respecting the wave count despite recent market uncertainty. The initial Wave 1 rally demonstrated strong momentum with clear sub-waves and defined structure.
Wave 3 Targets and Technical Levels
Based on the Elliott Wave analysis, SUI could break resistance levels near $4.70 and $5.20 on its path to the $10 target. The technical roadmap suggests potential movement toward the $13-$14 range during Wave 3.
Further wave development could push SUI toward $16-$18 as Wave 5 unfolds later in the cycle. These projections depend on the wave count playing out as expected.
The correction phase in Wave 2 was considered necessary preparation for the next rally phase. This correction occurred despite the aftermath of the Cetus hack affecting market sentiment.
MACD Signals Momentum Shift
Market analyst Funkii.sui identified a bullish MACD crossover in SUI’s price action. This momentum indicator previously signaled a rally of over 723% when it last appeared.
Sui just printed a weekly MACD cross — signalling a macro trend shift and entering bullish territory. Last time this happened, it ran 700%. pic.twitter.com/h6oGRfC4Yr
— funkii.sui (@funkiidotsui) May 28, 2025
The MACD line crossed above the signal line on the weekly timeframe. This crossover typically indicates potential for long-term trend reversals.
During the previous MACD signal, SUI surged from under $0.6 to nearly $5. The same pattern could potentially drive SUI to $16 or higher, representing over 593% gains.
SUI recently bounced from key support levels around $1.8-$2.00. This bounce combined with a break above the 0.5 Fibonacci level suggests the downtrend may be ending.
The technical setup shows SUI entering what appears to be a fresh macro uptrend after months of consolidation. These consolidation periods often precede strong directional moves.
Traditional finance analysts have also weighed in on SUI with varying price targets. David Windley from Jefferies set a price target of $263 for SUI stock.
Richard Hightower from Barclays established a $141 target, while Brad Heffern from RBC Capital set a $147 price target. The median target among three analysts stands at $147.
Institutional activity shows mixed signals with 242 investors adding SUI positions while 295 decreased their holdings in the most recent quarter.
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