SUI Elliott Wave Signals Wave 5 Drop to 49 Cents
The SUI Elliott Wave structure is doing something the tokens buyers have been trying to ignore. According to moretradingonl on X, $SUI still has not confirmed a meaningful low. The broader concern, per that read, is that wave 4 may have already peaked. That puts the market on its way lower in wave 5 toward the 65 to 49 cent area. Not a fringe view. The current price structure from the May high increasingly resembles a five-wave decline. Not what bulls want to see. One Level Could Change Everything. Its $1.31 Key micro resistance sits between $1.12 and $1.31. Only a break above $1.31 changes the outlook, and even then it opens the door to a larger extended wave 4 bounce toward the $1.44 to $2.08 range rather than outright reversal. Below $1.31, the support map reads 97 cents, then 88 cents, then 81 cents, in that order. The 4-hour chart from More Crypto Online on Coinbase maps the structure in detail. Wave C of the corrective sequence has already printed near the 2.08 area, and the retracement box below shows extensions at 61.8% near $1.02 and 78.6% sitting down at $0.6494, the level labeled wave 5 on the chart. There is a version where