Could SUI be about to explode in price? Several analysts think so. They’re predicting a massive surge, possibly reaching $10 by June.
Wave 3: The Big One?
The buzz is all about Elliott Wave theory. This analysis suggests SUI is entering “Wave 3,” historically the strongest and fastest part of a price cycle. One analyst, Crypto Bullet, points to a chart showing SUI completing its first two waves. Wave 1 saw a strong price increase, followed by a correction (Wave 2). Now, Wave 3 is predicted to send the price skyrocketing.
According to this analysis, SUI’s recent price action perfectly matches the classic Elliott Wave pattern. Even the recent market dip and the Cetus hack haven’t derailed this prediction. The analysts believe the correction was a necessary pause before the big move.
Crypto Bullet’s forecast targets $10 or even higher. They see SUI breaking through resistance levels around $4.70 and $5.20 on its way there. The chart even suggests a potential climb to $13-$14, maybe even $16-$18 later in the cycle.
MACD Crossover Adds to the Excitement
Adding fuel to the fire, another analyst, Funkii.sui, highlights a bullish MACD (Moving Average Convergence Divergence) crossover. This is a significant momentum shift. The last time this happened, SUI rallied by over 723%!
Funkii.sui’s analysis shows a strong setup. The weekly MACD line has crossed above the signal line, suggesting a long-term trend reversal. This, combined with a recent bounce off a key support level and a break above a Fibonacci level, points to a possible end of the downtrend. Their prediction? A potential surge to $16 or more—a gain of over 593%!
The Bottom Line
While these are just predictions based on technical analysis, the confluence of Elliott Wave theory and the bullish MACD crossover is generating significant excitement around SUI. With SUI currently trading at around $3.64, the potential for substantial gains is certainly attracting attention. Remember, though, that investing in crypto is risky, and these are just predictions. Do your own research before investing.
