SUI Trades Lower at $3.69, Wave Structure Points to Potential $9 Target

• $SUI is priced at $3.69 after a 3.9% 24-hour decline, with support holding at the same level.
• Resistance at $3.85 defines the upper limit of the current 24-hour trading range.
• Wave projections suggest a possible long-term path toward $9 if momentum sustains above resistance.

$SUI (Sui) is trading at $3.69 after registering a 3.9% decrease over the last 24 hours. The token is now trading around its support zone and the closest resistance is at 3.85.Price action has attracted attention as chart patterns outline a possible wave progression that could extend into the coming weeks. Projections suggest that a sustained move could eventually lift $SUI toward the $9 region, although near-term levels remain the primary focus.

$SUI Holds $3.69 Support Amid Narrow Range Consolidation and Weak $BTC Pairing

The short-term chart highlights $3.69 as a critical support level. This price floor has helped limit additional declines despite the recent pullback. Over the past 24, $SUI has been trading in a tight range, with a range of 3.69 to 3.85. The upper limit at 3.85 has however curtailed any additional gains. This has created a range where price consolidation appears to be forming, with buyers defending the lower end of the spectrum.

$SUI also registered relative shifts against major trading pairs. The correlation shows weaker short-term momentum compared to the leading cryptocurrency. This underperformance highlights the importance of the current support zone. If maintained, it could provide stability for $SUI’s valuation against both $BTC and ETH. Market watchers remain attentive to whether trading volume will reinforce either side of the range.

Projected Wave Structure and Future Levels

Chart readings display a wave structure suggesting potential for upward extension. The outlined progression maps out a target zone that stretches toward $9. This projection indicates that $SUI could revisit higher levels if momentum strengthens.

However, immediate attention remains fixed on $3.85 resistance, which stands as the next barrier before larger advances. If pressure builds above this resistance, the wave count could support a move toward the higher projections. Therefore, near-term trading remains essential in shaping how the outlined path develops.