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SUI is beginning to draw renewed attention after weeks of muted performance, with analysts suggesting that the token may be preparing for a significant trend reversal. A recent update from BeLaunch has sparked discussion across the market, raising the question many traders are now asking: Is SUI quietly gearing up for a powerful move toward $20 in the next bullish phase?
The token has been steadily rebuilding momentum after the sharp October 10 flash crash, and its latest price structure is starting to reflect strength that had been absent for much of the past month.
Two Key Scenarios for SUI’s Next Major Move
BeLaunch’s analysis outlines two potential pathways for SUI, each carrying different probabilities and implications for the broader market.
The primary scenario, assigned an 8 out of 10 probability, suggests that SUI is currently challenging a major breakout point above a red-dashed resistance area. The analyst notes that Wave (2) has likely completed its structure, opening the door for the start of Wave (3) — typically the most powerful stage within the Elliott Wave framework.
A clean breakout from this level could initiate a strong upside extension, potentially putting SUI on track for a new multi-month high.
In contrast, the secondary scenario carries a lower probability of 3 out of 10. Under this view, SUI’s current structure may remain corrective. The token could form an alternate X-wave around the $5.37 region before shifting into an additional corrective move, labelled Alt Y. While less likely, this possibility remains on the radar for traders monitoring short-term risks.
On-Chain Indicators Point Toward a Strengthening Base
Beyond chart patterns, SUI’s on-chain fundamentals are showing encouraging signs of stabilization. BeLaunch highlighted that Total Value Locked (TVL) has been holding steady near the $1.4 billion range — a level that suggests steady user engagement despite broader market weakness.
The analyst notes that a push above $2 billion TVL would likely confirm a stronger shift in sentiment, indicating growing capital allocation and application activity on the network.
Meanwhile, Daily Active Users (DAU) have been rising gradually, approaching 900,000. This increase is notable because improving user activity often precedes major price recoveries, especially during accumulation phases when broader attention is focused elsewhere.
Lagging Price Action Suggests Accumulation Phase
One of the most compelling points from BeLaunch’s analysis is the mismatch between SUI’s improving on-chain strength and its lagging price action. Historically, this type of divergence has often signaled that an asset is in a quiet accumulation zone, where long-term holders gradually build positions while short-term traders overlook the asset.
BeLaunch notes that similar periods of divergence in SUI’s past cycles were followed by rallies within two to four weeks, aligning with rising TVL and DAU momentum. If history is any guide, SUI could once again be forming a solid foundation ahead of a broader move to the upside.
Technical Indicators Reinforce the Bullish Outlook
Technical indicators also appear supportive. Momentum trackers are beginning to shift higher, and WaveTrend signals are flashing a bottom below 40 — a zone commonly associated with forming market lows. This confluence of technical support strengthens the case for a potential trend reversal.
SUI is also showing signs of resilience as it approaches major resistance levels once more. The current consolidation structure is viewed as constructive, indicating that sellers are losing control while buyers are gradually building pressure.
Is SUI Preparing for a Breakout Toward Double-Digit Prices?
BeLaunch’s long-term outlook suggests that SUI could be entering a phase that allows for more explosive moves. If the primary scenario plays out and the breakout is confirmed, Wave (3) could propel the token into a sustained rally — potentially placing the long-discussed $20 target back into the conversation for the next market cycle.
For now, analysts agree that SUI is in a critical phase. The combination of firm on-chain activity, strengthening technical signals, and historical accumulation patterns creates a compelling backdrop that could support a larger recovery.
As the broader market continues adjusting from recent volatility, SUI’s subtle recovery could be the early indication of a bigger shift. Traders and long-term participants alike are watching closely to see whether the token emerges from consolidation and begins a fresh upward trend.
