Sui (SUI) Eyes 593% Surge as MACD Crossover Hints at $16 Target

Technical traders are buzzing after Sui’s MACD indicator flashed a bullish crossover—historically a reliable signal for major upside. If the pattern holds, SUI could rocket to $16, a 593% gain from current levels.

Market skeptics, however, note that ’historically reliable’ in crypto often translates to ’until it isn’t.’ The same MACD signal once predicted a Lambo—but delivered a used Honda Civic instead.

Still, with Sui’s ecosystem gaining traction and the broader market heating up, this technical setup might just have legs. Just remember: in crypto, even ’sure things’ come with a side of volatility.

TLDR

• SUI is trading at $3.64 and analysts predict it could reach $10 by June based on Elliott Wave analysis
• Technical analysis shows SUI has completed Wave 1 and Wave 2, now entering the powerful Wave 3 phase
• A bullish MACD crossover has formed, similar to a previous signal that led to a 723% price surge
• SUI is trading within an ascending channel with key resistance at $4.50-$4.90 and support at $2.80-$2.40
• The cryptocurrency has gained 871% since its October 2023 low of $0.36, showing strong long-term performance

The sui price has captured analyst attention as technical indicators suggest a major price movement could be approaching. SUI is currently trading at $3.64, with several technical patterns pointing toward potential upside momentum.

According to Elliott Wave analysis shared by Crypto Bullet, SUI has been following a textbook pattern since April 2025. The analysis suggests the cryptocurrency has completed its Wave 1 and Wave 2 phases and is now entering Wave 3.

Wave 3 is historically the strongest phase in Elliott Wave theory. This phase typically delivers the largest gains in the shortest time period. The initial Wave 1 rally showed strong momentum with clear sub-waves and defined structure.

$SUI 1D chart#Sui is still one of the most bullish $Alts right now. We had a clear 1-5 impulse off the April’s low – higher degree Wave (1) and now we’re cooling off

With or without the Cetus hack, we had to enter the territory of Wave 4. This corrective Wave (2) is complete… pic.twitter.com/5kwdLGNxnk

— CryptoBullet (@CryptoBullet1) May 27, 2025

The correction phase labeled as Wave 2 appears to be complete or nearing completion. This correction was expected and necessary to prepare for the next rally phase. Despite recent market uncertainty, the wave count has remained intact.

If the Elliott Wave pattern continues as predicted, SUI could break resistance levels NEAR $4.70 and $5.20. The analysis points to a potential target of $10 by June, with some projections extending to the $13-$14 range during Wave 3.

Further upside could see Wave 5 pushing sui toward $16-$18 later in the cycle. These projections are based on the classical Elliott Wave structure and historical price action patterns.

Technical Indicators Show Bullish Momentum

A separate technical analysis by Funkii.sui highlights a bullish MACD crossover on SUI’s weekly chart. This momentum indicator has crossed above the signal line, suggesting a potential long-term trend reversal.

The last time this MACD signal appeared, SUI surged from under $0.60 to nearly $5.00. This represented a gain of over 723%. If a similar pattern repeats, the analysis suggests SUI could reach $16 or higher.

Sui just printed a weekly MACD cross — signalling a macro trend shift and entering bullish territory. Last time this happened, it ran 700%. pic.twitter.com/h6oGRfC4Yr

— funkii.sui (@funkiidotsui) May 28, 2025

This WOULD represent a gain of over 593% from current levels. The MACD crossover comes after SUI rebounded from key support around $1.80-$2.00.

SUI has also broken above the 0.5 Fibonacci level. This technical development signals the possible end of the downtrend and beginning of a new impulsive wave.

Current Market Structure and Price Action

SUI is currently trading within an ascending channel according to recent technical analysis. The cryptocurrency faces resistance around $3.80 as it trades in the upper half of this channel structure.

The 9-day moving average sits slightly below the 21-day moving average. This positioning indicates mild bearish momentum in the short term. Volume remains relatively low compared to earlier May surges.

Key resistance levels are identified at $4.50, $4.70, and $4.90. On the downside, support levels sit at $2.80, $2.60, and $2.40. The lower boundary of the ascending channel provides dynamic support.

A breakout above $4.00-$4.20 would require renewed buying pressure. Conversely, a break below the 21-day moving average could lead to a retest of $3.00 support.

SUI against Bitcoin is trading at 3,326 SAT, below both the 9-day and 21-day moving averages. This suggests ongoing bearish pressure in the SUI/BTC pair.

Another analyst noted that SUI appears to be breaking out of a descending triangle pattern. This setup could potentially trigger an upward MOVE of over 28% if confirmed.

SUI has demonstrated strong long-term performance since its October 2023 low of $0.36. The cryptocurrency has gained 871% from that level, reaching an all-time high of $5.35 in January 2025.

The current market cap stands at $11.83 billion with 3.33 billion SUI tokens in circulation. SUI ranks 11th on CoinMarketCap with a total supply of 10 billion tokens.