SUI trades at $2.78 with growing momentum and signals of bullish continuation on charts.

Wave 2 correction likely ended after geopolitical pressures; the recovery phase may now be fully underway.

Elliott Wave patterns indicate strong potential for a breakout to a new all-time high.

Wave 3 projection suggests price could surge toward the $10–$12 range if sentiment holds.

Sui is showing signs of new bullish activity, currently at a price of $2.78 with 24-hour transaction volumes of nearly $1 billion. Market capitalization is steady at $9.47 billion, with the token having increased by 6.92% within the last 24 hours and a 2.00% increase within the week.

Such a movement of prices fits into a bigger picture, Elliott Wave, with Wave 2 having just completed a steep correction. That selloff caused by ongoing Middle East instability and ecosystem shocks like the Cetus Protocol hack saw SUI reverse from $1.80 southwards into a low of $1.00.

Technical analysts now anticipate the start of Wave 3, a typically aggressive upward movement within the context of an Elliott Wave. Historical tendencies of waves suggest this would go through past highs, hopefully creating a new all-time high if sentiment and volume continue.

Also Read: Sui Price Holds Strong as Technical Chart Predicts Shocking $5.3 Rally

SUI Wave 3 Targets Point Toward $10+ Zone

The daily chart, according to Elliott Wave Theory, shows a bullish formation with Wave (1) spanning $0.50 to nearly $1.80 and a Wave (2) corrective bottoming at $0.90 or $1.00.

The Wave (3), expected with typical projection ratios, may take SUI into a speculative $10–$12 region, an approximately 900% rise from Wave 2’s low. The target area is highlighted on the chart with a green-shaded extension region, signaling long-term upside potential.

This prediction assumes Wave 3 will remain as the largest leg, a characteristic of typical Elliott configurations. A breakout above the $1.80 level will mark an important corroboration, one with the potential of affirming the bull case as well as engaging broader market participation.

SUI Macro Environment and On-Chain Sentiment Align

While this chart’s framework structurally holds good, Wave 3’s potential gain on the upside is contingent on larger market trends.

Stabilizing of geopolitical risk, post-hacking recoveries within the universe of Sui, and cumulative day-to-day buying volumes have all fostered a fertile environment for a bounce back. Should SUI sustain this trend and overcome key resistance, a direction toward a double-digit valuation builds momentum.

In essence, technical alignment of SUI with good sentiment signals that the token will soon enjoy a huge rally if external risk is kept under control and general market support gains momentum.

Also Read: SUI is a Hidden Gem in the Current Market, Analyst van de Poppe Says

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Filed under: Bitcoin - @ June 27, 2025 10:00 pm