Key Insights
- SUI is approaching a major resistance area where Elliott Wave projections are suggesting a possible Wave 4 reaction as the market confirms broader direction.
- SUI trendline break and proximity to the anchored VWAP indicates a shift in short-term technical behavior near the 1.88 zone.
- Rising stablecoin liquidity and Sui’s TVL rise above one billion dollars is mirroring an active participation surge across DeFi protocols.
SUI’s bullish moves have continued to attract attention with its recent rebound. Its technical structure and growing liquidity across its ecosystem are giving bullish sentiments.Observations are pointing to a developing setup shaped by competing bearish and bullish interpretations.
Elliott Wave Structure and Market Position
An analysis by More Crypto Online presented an Elliott Wave view that places SUI in a potential Wave 4 recovery. This is after reaching the 100% Fibonacci extension near 1.41 USD.
SUI price is in a range cluster between the 23.6% and 50% retracements where reactions often form before broader trend continuation. The analysts added that the downside formation still appears incomplete, therefore they are treating the current move as part of a larger C-wave.
For a normal wave theory structure there usually are five legs, therefore the absence of a final low leaves room for further decline.
The analyst outlines extension levels at 1.08 USD, 0.91 USD, and 0.69 USD as potential landing zones if the market resumes its downward path.
Source:MoreCryptoOnline Via X
Alternative projections mention the historical 0.55 USD low on Binance as a primary target. This level remains part of the broader target scenario if selling pressure strengthens.
This view is maintaining neutrality by acknowledging that confirmation will depend on the buyers reactions within the resistance band.
Technical Shift and AVWAP Reaction
Short term analysis from The Moon Show pointed to a change after a clear break of a descending trendline on the six-hour timeframe. This trendline depicts a sequence of lower highs and lower lows throughout mid-November.
However, the recent structure shows a bottom pattern forming. This is suggesting a change from heavy selling pressure to temporary stabilization. For now the price sits just below an Anchored VWAP drawn from a previous swing.
https://x.com/TheMoonShow/status/1994008487672819746?s=20
This reference level often acts as a flexible barrier during shifts in market behavior. A close above it, supported by volume, may open a path toward the 1.88–1.90 USD area mentioned in the post.
The projected path also includes a defined risk area, with an invalidation point near 1.43 USD. This level reflects the most recent consolidation zone and functions as a practical threshold for short-term traders watching for renewed weakness.
Liquidity Expansion and Ecosystem Growth
According to recent data the stable coins market cap on Sui rose to 695.49 million USD, marking over 8% growth within seven days. As per the charts there was an early decline that was followed by a rounded recovery an indication that inflows are steadily returning to the network.
This phase has brought a calmer pace before stronger liquidity movement resumes in the past. The trendline then shifted upward more sharply suggesting an increase in capital positioning across market participants.
https://x.com/MarcShawnBrown/status/1993905010141483140?s=20
The increase in stablecoins inflow was a reflection of growing involvement across the chain. In the past stablecoins have frequently served as a flexible liquidity source, whereby their expansion signals active preparation for future market engagement.
In addition,Sui’s total value reached 1.089 billion USD after recording a 8.44% rise in 24 hours. SUI is supported by nearly 700 million USD in stablecoins that are deployed across various DeFi platforms. This increase placed Sui among ecosystems with expanding protocol activity.
