The SUI price is seeing renewed interest as analysts predict that a major price move is underway. According to an Elliott Wave analysis, SUI is entering Wave 3 and could be gearing up for an explosive surge to $10 by June.
Wave 3 Breakout To Push SUI Price Above $10
The SUI price action since April 2025 has followed a textbook Elliott Wave pattern, suggesting that the altcoin may be entering a powerful uptrend. A technical analysis shared by Crypto Bullet on X (formerly Twitter) forecasts that SUI may be preparing for a parabolic run to or above $10 by June.
The analyst’s chart shows that SUI has completed a five-wave impulse from April’s bottom, which formed a Wave 1 structure. This was followed by a healthy price correction, now labeled as Wave 2, which appears to be either complete or very close to its end. The next leg in SUI’s Elliott Wave structure is Wave 3, historically the strongest wave and often delivering gains in the shortest period.
Based on the analysis, the SUI price is presently respecting the wave count. The initial Wave 1 rally saw strong momentum, clear sub-waves, and a defined structure. Despite recent market uncertainty and the aftermath of the Cetus hack, the analyst noted that the correction phase in Wave 2 was expected and necessary to prepare for the next rally.
Based on Crypto Bullet’s analysis, SUI’s price action aligns almost perfectly with the classical Elliott Wave Theory. The altcoin is also poised to enter Wave 3 and potentially catapult to bullish targets of $10 and beyond.
As of now, SUI is trading at $3.64, but if the wave count plays out as expected, the analyst predicts that the altcoin could soon break resistance levels near $4.70 and $5.20 on its way to a double-digit target. The chart’s technical roadmap also suggests a potential climb toward the $13 – $14 range during Wave 3, with a further push toward $16 – $18 likely as Wave 5 unfolds later in the cycle.
SUI Prints Bullish MACD Cross
According to a technical chart analysis presented by Funkii.sui, a market analyst on X, the SUI price has just printed a bullish Moving Average Convergence Divergence (MACD) crossover — a momentum shift that previously led to a rally of over 723.15%. This new crossover suggests that the altcoin may be entering a fresh macro uptrend after months of consolidation and corrective movement.
Currently, SUI technical indicators point to a strong setup. On the weekly timeframe, the MACD line has crossed above the signal line, indicating a potential for a long-term trend reversal. The last time this signal flashed, SUI surged from under $0.6 to nearly $5.
As a result, Funkii.sui predicts a potential move to $16 or higher, representing a gain of over 593% if the same pattern repeats. The analyst’s chart shows that SUI recently rebounded from a key support zone around the $1.8 – $2.00 range. This bounce, combined with a clean break above the 0.5 Fibonacci level, signals the possible end of SUI’s downtrend and the beginning of a new impulsive wave.
Featured image from Adobe Stock, chart from Tradingview.com
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