- SUI reclaims Gooner EMA range as analysts set $5.30 and $7.56 as key upside targets.
- Elliott Wave structure suggests SUI is entering Wave 3, with $10 as a potential breakout level.
- SUI gains $3M in institutional inflows as community vote advances Cetus fund recovery plan.
SUI is currently trading near $3.64 and has shown early signs of resuming its broader uptrend following a planned pullback. Analysts are now closely monitoring its price structure, with growing consensus pointing toward a potential breakout. With bullish technical formations and increased institutional interest, the $5.30 level is emerging as the next critical upside target.
Technical Setup Signals Breakout Momentum
According to analysis prepared by Wess on X, SUI has successfully reclaimed the Gooner EMA range after the Cetus exploit, which previously caused market uncertainty. The current chart structure reflects a strong recovery and the foundation for a possible 2x price move.
Wess noted that the Fibonacci levels suggest a projected target of $7.56, supported by a well-aligned setup. Crypto Bullet shared additional insight, noting that SUI appears to be entering Wave 3 of a classical Elliott Wave cycle.Â
This wave is often the strongest and tends to produce sharp upward price movements. The prior completion of Wave 1 and the corrective Wave 2 support this technical scenario. The next resistances to watch are around $4.70 and $5.20 before any move toward $10 or higher.
Community Participation and Institutional Growth Add Support
The Sui Foundation has launched a community vote to resolve the aftermath of the Cetus protocol breach. The proposal includes a recovery plan, which is now being decided by validators using a smart contract-based voting system.
The vote excludes the foundation’s stake to ensure neutral results and transparency. Meanwhile, SUI is also gaining traction with institutional investors. According to recent data, European-listed SUI investment products have reached over $317 million in assets under management.Â
In the past week alone, nearly $3 million was added, reflecting growing confidence. These developments, along with the strong technical structure, place SUI in position for a potential rally toward its next targets.
