$SUI Price Analysis:
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SUI is in an ABC correction pattern within an Elliott Wave structure.
Key levels to watch:
Support:
- $2.26 (primary Fibonacci retracement level)
- $2.53 and $2.63 (secondary support)
Resistance:
- $4.15 (all-time high)
Price Targets:
- Upside: $2.53 and $2.63 (Wave 5 completion)
- Downside: Below $1.32 (challenges bullish outlook)
Current market conditions indicate sideways consolidation, with potential tests of lower support levels before an upward breakout. Caution is advised, but a potential Wave 5 breakout is anticipated.
