- SUI has completed an Expanded Flat correction from May to October and is now forming a new upward impulse.
- The price holds above $2.40 with key invalidation set at $1.71 while traders monitor confirmation for Wave 3.
- Analyst CryptoBullet projects a new all-time high for SUI if current support levels remain stable through Q4 2025.
SUI is showing renewed signs of strength after the October 10 market correction, with analysts identifying a possible setup for a new all-time high (ATH). According to data from Coinbase and Bitstamp, SUI currently trades near $2.48, maintaining structure despite recent volatility across the altcoin sector. The analysis shared by CryptoBullet on X outlines an “Expanded Flat” correction from May to October, setting the stage for a bullish continuation wave.
In a post published on October 24, 2025, CryptoBullet noted that “SUI still looks good and there’s a chance for a new ATH.” The chart presented shows the completion of Wave (2) within an Elliott Wave structure, followed by a projected Wave (3) impulse that could extend significantly higher in coming months. This pattern suggests that SUI may be transitioning from corrective behavior toward a new expansion phase.
The post reached over 39,000 views within a day, drawing attention from traders analyzing key levels at $1.99 and $1.71. The latter is noted as the invalidation level for the bullish scenario, marking the critical price threshold below which this structure would lose validity
Technical Setup Aligns With Wave Theory Structure
The shared 3-day chart of SUI/USD on Coinbase reveals an Elliott Wave count that supports a bullish continuation scenario. The formation begins with a strong five-wave advance from late 2024 through March 2025, completing the first primary wave. This is followed by a corrective structure identified as an Expanded Flat—comprising subwaves A, B, and C—that retraced much of the prior gains.
Within this pattern, Wave (A) and Wave (C) demonstrate symmetry, with the recent October dip marking the likely end of Wave (C) near $2.34. The analyst marked $1.71 as the invalidation level for this bullish view, suggesting that a drop below this point would negate the current count.
At the time of analysis, SUI’s position above the $2.40 range remains critical. If sustained, it confirms the end of the correction phase and supports the development of Wave (3), which typically exhibits the strongest impulse in Elliott Wave theory. Based on structural behavior, Wave (3) could target new highs significantly beyond previous peaks near $2.90.
According to CryptoBullet, “The October 10 crash wrecked many altcoin charts, but SUI still looks good,” emphasizing the coin’s technical resilience. This perspective underscores the unique structure SUI maintains compared to other assets that lost key supports during the same period.
Analyst Outlook and Key Price Levels Ahead
The identified key levels of $1.99 and $1.71 serve as important pivot points for traders monitoring SUI’s next move. A decisive close above $2.50 could confirm strength, signaling renewed momentum toward an impulse leg targeting higher Fibonacci extensions. The presence of an Expanded Flat correction pattern increases the probability of a continued uptrend once confirmation is achieved.
CryptoBullet’s post also referenced Bitcoin dominance (BTC.D), suggesting it still “has plenty of room to move lower,” implying a potential capital rotation toward altcoins. This context supports the argument that coins like SUI could outperform during upcoming market phases as investor appetite shifts toward higher-risk assets.
The community’s response on X reflected cautious optimism, with traders debating potential entry zones. Some speculated on a possible retest near $1.90, while others questioned if SUI could briefly revisit levels under $0.50 before any major rise. However, the primary analysis maintains that the market has already completed its corrective phase and is now building momentum for a bullish impulse.
If the projected wave count unfolds as illustrated, SUI could enter a prolonged upward phase in late 2025. This potential shift raises a key question for traders and investors: could SUI’s next major rally confirm its first true market cycle expansion since launch?
