SUI recently faced renewed pressure but is expected to recover soon. The magenta wave is likely to extend slightly further toward resistance at $4.57, where we anticipate this wave will peak. Afterward, a short-term correction in wave [ii] is likely before wave [iii] should drive price sustainably above the $4.57 level. A lower bottom would only become likely if support at $0.55 is breached. In that scenario, an alternative wave alt.B in turquoise would come into play, which we currently estimate has a 37% probability.
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🚀 Spot trends early with momentum, sentiment & price structure
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