SUI Coin Price Update: Technical Analysis, Elliott Wave Insights, and Price Pred

Started by 4vsyuw8xpw, Nov 23, 2024, 03:06 AM

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fetrakudra

Here's a SUI Coin Price Update combining technical analysis, Elliott Wave theory, and a short-term price prediction as of April 2025:

🔍 Technical Analysis Overview
Current Price (April 2025): ~$1.25 (subject to slight market movement)

Market Trend: Neutral-to-bullish consolidation phase

Support Zones:

$1.08 – Strong psychological and historical support

$0.95 – Long-term horizontal support from February 2024

Resistance Levels:

$1.38 – Local resistance from March 2025 highs

$1.65 – Key breakout zone from early January

Indicators:

RSI (14D): ~54 – Neutral zone, room to move up

MACD: Shows a recent bullish crossover on the daily chart

Volume: Accumulation pattern seen, particularly on dips

🌊 Elliott Wave Insights
The price structure appears to be in Wave 3 of a new bullish impulse after a clean Wave 2 correction completed near $0.95. Here's the likely breakdown:

Wave 1: $0.65 β†’ $1.20

Wave 2: Correction to ~$0.95

Wave 3 (in progress): Targeting $1.50–$1.65 range

Wave 4: Expected minor pullback to $1.30 region (hypothetical)

Wave 5: Could aim for $1.80–$2.00 based on Fib extension (1.618x)

📈 Short-Term Price Prediction (April–May 2025)
Bullish Case: Break above $1.38 could send SUI toward $1.65–$1.80 by mid-May.

Bearish Case: Failure to break $1.38 and fall below $1.08 may trigger a deeper retracement to $0.95.

Neutral Path: Choppy sideways range between $1.10–$1.35 before a larger breakout in early Q3.

🧠 Key Takeaways
SUI is building momentum, supported by technical indicators and wave structure.

Breakout traders are eyeing $1.38 and $1.65 as key decision points.

Risk-conscious entries may consider laddering buys near $1.10–$1.15 with stops under $1.00.

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