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The price of SUI, a rising digital asset in the crypto market, is gaining renewed attention from traders and analysts alike. According to technical experts, SUI is showing signs of a strong bullish pattern that could lead to a major price surge in June. Analysts using Elliott Wave Theory believe the asset has completed its second wave of correction and is now poised to enter Wave 3 — typically the most explosive phase of a bullish trend.
Elliott Wave Signals a Bullish Breakout
Elliott Wave Theory is a popular charting method used by technical analysts to predict market cycles through repetitive wave patterns. Based on this theory, SUI has completed its Wave 1 upward move from its April lows and has since undergone a healthy correction, forming Wave 2. Now, the asset appears ready to enter Wave 3, which historically brings rapid and steep price increases.
According to a forecast shared by the analyst Crypto Bullet on X (formerly Twitter), the upcoming move could push the SUI price toward the $10 mark. The chart suggests that the asset has maintained a clear structure with sub-waves during Wave 1 and a textbook correction during Wave 2, signaling that the setup is aligning with classical Elliott Wave formations.
Crypto Bullet highlighted that recent price behavior suggests the correction phase is ending, setting the stage for a powerful uptrend. Despite some uncertainty in the broader market and the lingering effects of the Cetus hack, SUI’s structure remains intact, which could be a positive sign for bullish traders.
Breaking Key Resistance Levels
Currently trading at around $3.64, SUI needs to overcome some resistance before making a move to double digits. Analysts have identified key resistance points near $4.70 and $5.20. A successful breakout above these levels would confirm the start of Wave 3 and pave the way for SUI to aim for its next major targets.
Based on Crypto Bullet’s wave map, if SUI enters a parabolic rally, it could reach as high as $10 in June. In an even more bullish scenario, targets in the $13–$14 range are possible during the height of Wave 3. Looking beyond, Wave 5 could see the asset climb toward $16–$18, depending on how the broader market evolves.
Technical Indicators Support the Uptrend
In addition to the Elliott Wave setup, other technical indicators also suggest SUI could be at the beginning of a strong upward move. Analyst Funkii.sui recently pointed out that SUI has printed a bullish Moving Average Convergence Divergence (MACD) crossover on the weekly chart. This type of signal often indicates a shift in momentum and the start of a new long-term trend.
The last time SUI flashed this signal, it went on to rally over 723%, climbing from below $0.60 to nearly $5. If this historical pattern repeats, the asset could potentially hit new highs in the coming weeks. Funkii.sui believes that the recent bounce from the $1.80–$2.00 support zone and the clean break above the 0.5 Fibonacci level are early signs of a strong trend reversal.
Market Sentiment Turns Positive
Investor sentiment around SUI appears to be improving, as many traders are now anticipating the asset’s breakout from a prolonged consolidation phase. The combination of strong technical patterns, bullish indicators, and growing attention from the crypto community is fueling excitement.
As more traders look for opportunities in altcoins beyond Bitcoin, SUI’s clear technical structure and potential upside are making it a popular choice. While risks remain in the volatile crypto market, the current setup for SUI is attracting optimistic forecasts.
Conclusion
SUI is showing all the right signals for a major breakout, according to multiple technical analyses. If Wave 3 unfolds as expected, the altcoin could see its price climb to $10 or even higher in June. With strong technical indicators and growing interest from traders, SUI may soon become one of the top-performing assets in the crypto market — provided it can overcome key resistance levels and maintain its upward momentum.
