The SUI cryptocurrency is gaining traction as market analysts spotlight a potential price surge on the horizon. Recent technical evaluations suggest that SUI might be stepping into a new market phase, notably Wave 3 of the Elliott Wave Theory, with optimistic projections indicating a possible leap to $10 by June.
Potential for SUI Price Surge Over $10
Recent trends in SUI price movements since the beginning of 2025 have demonstrated a classic pattern reminiscent of Elliott Wave analysis. Various experts, including noted analyst Crypto Bullet on social media, anticipate that SUI could see a dynamic rally towards or above the $10 mark within the upcoming months.
Technical charts reveal that SUI has successfully traversed a five-wave cycle starting from April’s low, establishing Wave 1. Following this, a typical price correction identified as Wave 2 is nearing completion. The next stage, Wave 3, is historically the most potent phase, often yielding significant returns in short timeframes.
The current analysis indicates that SUI is adhering to the projected wave counts. The initial surge in Wave 1 showcased substantial momentum and well-defined sub-waves. Despite recent uncertainties and challenges from market incidents, corrections typical in Wave 2 were both expected and necessary, forming a foundation for the building rally ahead.
Following this analytical framework, SUI’s trading potential aligns closely with classic theories and could be heading towards bullish targets of beyond $10. Presently trading at $3.64, should the anticipated wave pattern materialize, experts forecast the cryptocurrency to breach resistance thresholds near $4.70 and $5.20, paving the way for a climb possibly reaching $13 – $14 during Wave 3, with further aspirations of hitting $16 – $18 as Wave 5 develops.
Bullish MACD Indicators for SUI
Technical assessment shared by the analyst Funkii.sui highlights a recent bullish Moving Average Convergence Divergence (MACD) crossover for SUI, a crucial momentum indicator that has historically preceded substantial price rallies, including a prior surge exceeding 723.15%. This fresh upward crossover hints at the altcoin entering a definitive macro bullish phase after prolonged consolidation.
SUI’s technical indicators are now foretelling a robust setup for future movement. Currently, the MACD line has ascended above the signal line on a weekly chart, showcasing the potential for a long-term bullish reversal. Past occurrences of similar signals illustrate the possibility of dramatic price increases, as seen when SUI moved from under $0.6 to nearly $5 previously.
Given this analysis, predictions by Funkii.sui indicate a potential ascent towards $16 or greater, amounting to a remarkable 593% gain should historical trends repeat. The latest charts reveal that SUI has bounced back from a critical support zone in the $1.8 – $2.00 range, signaling an important transitional phase towards a new impulsive wave formation.
