Sui (SUI)

$SUI
SUI continues to recover from the June low, with the current structure favoring a larger corrective rally.

Leading Scenario: The preferred view is that SUI has completed its 5-wave decline and is now building a larger wave 2 recovery. A break above the $0.73-$0.78 resistance zone would open the door toward $0.95-$1.20.

Risk Scenario: The current rally is still only a 3-wave move. A break below $0.65 would invalidate the recovery scenario and shift the focus directly to $0.49.

Key Support Levels: $0.65 / $0.49

Key Resistance Levels: $0.73-$0.78 / $0.95-$1.20 / $1.38-$1.73

Bottom Line: The underlying expectation remains for a larger July recovery. A break above $0.78 would significantly strengthen the case for a move toward the next resistance zone around $0.95-$1.20.

Sui has reached 4.6M transactions per second and becomes the second fastest blockchain after Qubic (15M TPS).