Analysts present two scenarios for SUI cryptocurrency, indicating a potential rise to $18. Wave structure and long-term goals are discussed.
Growth Scenarios for SUI
SUI prices show signs of an upward trend supported by two distinct interpretations of Elliott Wave theory. Analysts believe a strong impulse signals the start of a prolonged upward movement. If the price maintains above the key red support line, both scenarios remain valid.
Wave Structure and Corrections
Recent chart analysis indicates a completed five-wave structure that marks the first leg of a larger trend. SUI is moving into what is projected to be a corrective phase labelled as wave (2). Fibonacci levels, such as 23.6%, 38.2%, and 61.8%, define support zones where traders can re-enter the market.
Long-term Targets for SUI
On a longer-range outlook, SUI is still carving a clear macro uptrend. The targets for the upcoming leg are estimated to be between $10 and $18, corresponding to Fibonacci expansion zones. As long as SUI maintains its key support, the technical picture favors upward movement in the coming months.
The analysis of SUI prices confirms the possible continuation of growth in the future, provided the support level holds. Investor interest may contribute to further momentum.
