SUI Maintains a Strong Five-Wave Structure as Analysts Track a Move Toward the $3.98 Level

• SUI maintains a confirmed macro uptrend supported by a structured five-wave expansion pattern.
• Market data shows strong trader participation with futures open interest holding near $768.86M.
• Analysts project a potential rise toward $3.98 as SUI trades steadily within its bullish cycle.

SUI remains in a confirmed macro uptrend, maintaining a broader five-wave structure with controlled corrections between upward expansions. The asset continues to form higher highs and higher lows across multiple timeframes, confirming market strength. Despite a brief liquidation wick near $0.50 last week, price action remains aligned with the ongoing five-wave cycle.

SUI Maintains Macro Uptrend with Active Market Participation

The SUI chart displays three major bullish waves labeled Wave 1, Wave 2, and Wave 3, according to analysis prepared by Bitcoinsensus. Each wave developed within wedge formations followed by sharp expansions of approximately 505%, 1050%, and a projected 550%. Current trading near $2.91 confirms sustained movement within Wave 3, showing consistent upward market behavior.

The pattern continues to maintain higher highs and higher lows, reflecting a strong long-term structure. Despite short-term volatility, SUI maintains its macro uptrend. “SUI is still in a macro uptrend, five waves up, followed by a wedge channel correction,” the analysis stated. The wedge corrections serve as consolidation phases, preserving structural balance between each wave expansion.

Sui’s decentralized finance ecosystem also records steady growth. According to DeFiLlama, total value locked (TVL) reached $2.03 billion, rising 4.32% daily. Stablecoin capitalization stood at $49.26 million, while decentralized exchange volume reached $589.88 million.

Derivatives and Technical Outlook Support Continued Expansion

Derivatives data from Coinglass confirms consistent trading participation despite a temporary decline in volume. Futures volume totaled $2.04 billion, down 6.96%, while open interest stood at $768.86 million, showing balanced exposure. 

Long-to-short ratios across Binance and OKX remain above 1.9, indicating strong positioning from leading traders. According to Crypto Zee, SUI is forming a “Buy the Dip” setup near the $2.00–$2.20 demand zone. 

The analysis targets a move toward $3.98, with resistance between $2.90 and $3.20 acting as the next key level. Recent trading around $2.64 continues to follow this direction and this shows consistent accumulation in the larger macro uptrend.