Sui Needs to Clear $1.05 Before Elliott Wave Targets Can Play Out
Sui's market capitalization has climbed back above $4 billion, and analysts are watching whether SUI can clear resistance at $1.05. A rejection could push the token below $0.95 and toward roughly $0.88, while Elliott Wave-based projections point to much higher long-term targets. The analysis cites a corrective phase and prior fractal targets in the $12–$15 range.
Sui’s market value has recovered past $4 billion, with SUI trading near $0.9869. The chart’s immediate markers are support around $0.95 and resistance at $1.05; a failed push could send it toward $0.88. Analyst Lourenço VS reads labels (3), (4), and (5) on the three-day chart as the close of a correction.
Earlier work from the same chart family pointed to a $3–$4 zone, while longer-range fractal targets sit at $12–$15, with $9–$11 cited as a likely profit-taking area. Twenty-four-hour turnover rose 22.07% to about $897 million, though futures positioning remained mixed and broadly bearish.
The $1.05 test may shape sentiment among retail SUI holders and crypto traders, especially those using futures, where sharp moves could amplify gains or losses. A breakout could draw more attention to the Sui ecosystem and its developers, while a rejection may reinforce caution toward altcoins. Broader society is affected mainly through investor confidence and risk appetite, not direct daily use.