SUI Climbs Into High-Risk Territory As Wave 4 Nears Its Exhaustion Point

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. SUIis currently navigating high-risk territory, positioned in what analysts identify as Wave 4 of a larger, incomplete bearish sequence. While this move is reaching its exhaustion point, the market is poised for a final, decisive action: either a confirmed reversal that breaks the current corrective structure, or a drop into the anticipated Wave 5 to complete the full downside pattern. Key Bounce at 1.41: SUI Tests Critical Extension Support

According to a recent updateby More Crypto Online, SUI is currently bouncing from the 100% extension at $1.41, a zone that has consistently served as an important area of support. This reaction marks the first meaningful attempt by buyers to halt the recent downside pressure. Related Reading SUI Silent Comeback: The Underdog Preparing For A $20 Charge 2 weeks ago

From here, price is now approaching a major resistance region between $1.68 and $2.21, which is the expected zone for a potential wave 4 bounce. The analyst notes that wave 4 retracements often vary significantly in depth. Therefore, SUI may need room to fluctuate within this entire range before establishing a clearer direction.

A decisive break above the $2.21 level would be a significant technical signal. Such a move would suggest that SUI has completed all 5 impulsive waves to the upside, increasing the probability that a more substantial marketbottom may already be in place.  SUI is faced with multiple key resistance levels | Source: Chart from More Crypto Online on X

For now, More Crypto Online emphasizes that the downside structurestill appears incomplete, meaning the broader corrective move could resume if SUI fails to push above resistance. The recent bounce, while constructive, has not yet reversed the macro structure.

This outlook also aligns with the behavior of Bitcoin, which currently hints at the possibility of another low forming after a 3-wave corrective rebound. Such a scenario supports the idea that SUI could still have one more downward leg to finalize a full corrective pattern before a stronger recovery can begin. Wave 4 Takes Shape As SUI Approaches Critical Resistance Zone

The analystfurther explained that the current movement on the SUI chart is being viewed as a potential wave 4 within a larger C-wave decline. Since a complete C-wave requires a full five-wave structure, the chart is missing one more low before a more reliable bottom can form. This interpretation remains consistent unless price action proves otherwise. Related Reading SUI Eyes Key Retest As Price Breaks Out Of Downtrend – Rally To $3 Ahead? 2 weeks ago

He added that if SUI produces a distinct rejection or reversal within the key resistance zone, it would strongly suggest that wave 4 has reached its peak. Should that confirmation appear, the outlook will be updated to reflect the expectation of a final wave down to complete the structure. SUI trading at $1.54 on the 1D chart | Source: SUIUSDT on Tradingview.com Featured image from Shutterstock, chart from Tradingview.com