Date: Sat, July 05, 2025 | 06:36 PM GMT
As Q3 kicks off, the cryptocurrency market is continuing its impressive rally from Q2. Ethereum (ETH) is leading the way and trading near $2,500. Riding this bullish wave, many altcoins are flashing strong technical setups — and Sui (SUI) is looking particularly promising.
SUI has marked impressive 44% gains over the past 90 days, and its current Elliott Wave structure is now drawing the attention of top analysts — signaling the potential for a much larger upside move in the coming months.
Source: Coinmarketcap
Leading Diagonal (LD) Formation in Play
6According to the latest insights from crypto analyst XForceGlobal , SUI appears to be forming a rare but valid Leading Diagonal (LD) structure, characterized by a 5-3-3-3-5 wave count. This pattern suggests that the current move is not just a regular bounce, but possibly the start of a larger impulse wave targeting significantly higher levels.
SUI Daily Chart/Credits: @XForceGlobal (X)
The chart also shows the formation of a diagonal channel, with SUI now climbing within its third major wave — which historically is often the strongest in Elliott Wave theory. If this setup continues to play out, the next wave (3 of Cycle degree) could potentially extend the rally into double-digit territory, with speculative projections aiming above $10 or even $13.50 before a larger corrective wave begins.
What’s Next for SUI?
If SUI maintains its position above the current wave (2) low and continues pushing higher inside the diagonal structure, it could enter a powerful breakout phase. A sustained move above the $3.55–$4.30 zone would likely confirm the bullish bias, especially if backed by rising volume and momentum.
However, investors should also watch the lower boundary of the rising diagonal channel closely. A breakdown below this zone could invalidate the current wave count and lead to a deeper retracement — possibly back toward the $1.71 area.
