bullish

Long

<p style="text-align: justify">Sui Network’s market capitalization has recently climbed above $4 billion, drawing renewed interest from traders. Investors are now watching the native <a href="https://en.coin-turk.com/sui-gains-7-percent-as-1-06-support-holds-strong/" rel="noopener noreferrer nofollow">SUI</a> token with hopes of a return to the $1.05 resistance level, which sits within a crucial supply zone. A rejection at this point would likely see SUI drop below $0.95, with further declines toward the $0.88 support area seen as possible in the short term.</p>
<h2 id="elliott-wave-analysis-and-market-sentiment">Elliott Wave analysis and market sentiment</h2>
<p style="text-align: justify">Analyst Laurenco outlined that the Sui chart, mapped using Elliott Wave theory, shows critical levels as the token works through late-stage corrective patterns. The Elliott Wave notations (3), (4), and (5) on SUI’s 3-day chart support this view, marking areas where previous price extensions and retracements have occurred.</p>
<p style="text-align: justify">Immediate support is positioned around $0.95, while $1.05 remains the primary resistance threshold in the near term.</p>
<p style="text-align: justify">Historical projections from the same analysis framework indicated potential price moves into the $3–4 range, labeled as the (A) wave in earlier posts. Looking further ahead, Laurenco has referenced long-term cycle targets between $12 and $15, derived from fractal and cycle-based analysis. The analyst noted, however, that profit-taking would likely intensify if prices enter the $9–11 bracket.</p>
<blockquote>
 <p>Laurenco’s assessment of the bear market psychology phase underlines how repeated retracements have triggered skepticism and quick sell-offs among market participants, leading to a challenging environment for bullish momentum.</p>
</blockquote>
<p style="text-align: justify">At press time, SUI trades at $0.9869. Should bullish interest defend recent gains, the token could soon retest resistance at $1.05, signaling possible continuation if buying activity intensifies.</p>
<p style="text-align: justify">During the last 24 hours, Sui has seen turnover jump 22.07%, with trading activity reaching $897,366,472. This surge in volume signals persistent engagement from traders but does not decisively indicate sustained buying, as high volume can also result from active selling or speculative trades.</p>
<h2 id="futures-data-and-trading-volumes">Futures data and trading volumes</h2>
<p style="text-align: justify">In derivatives markets, sentiment appears split. Data from major cryptocurrency exchange Binance reveals that bullish positions have outpaced short-sellers, doubling in volume at certain intervals. However, aggregated futures data from analytics platform CoinGlass shows the broader market’s long-to-short ratio has dropped to approximately 0.90, pointing to cautious or even negative sentiment overall.</p>
<table style="border:1px solid #f1e4d8;padding:8px">
 <thead>
  <tr>
   <th>Exchange</th>
   <th>Long to Short Ratio</th>
   <th>Sentiment</th>
  </tr>
 </thead>
 <tbody>
  <tr>
   <td>Binance</td>
   <td>2:1</td>
   <td>Bullish bias in short term</td>
  </tr>
  <tr>
   <td>All exchanges (CoinGlass)</td>
   <td>0.90:1</td>
   <td>Generally bearish</td>
  </tr>
 </tbody>
</table>
<p style="text-align: justify">These figures suggest that while certain trading platforms reflect optimism, the broader market remains wary. High trading activity and the split between bullish and bearish stances signal that SUI’s short-term direction could hinge on whether the $1.05 resistance breaks or holds.</p>
<p style="text-align: justify">Sui Network is a layer-1 blockchain platform designed for fast and scalable decentralized applications. Its native token, SUI, facilitates network security, staking, and on-chain transactions.</p>
<p style="text-align: justify;background: linear-gradient(135deg,#ffffff 0%,#fffdf9 100%);border:1px solid #f1e4d8;border-left:4px solid #F69434;padding:14px 16px;border-radius:12px;color:#1e293b;font-size:15px;line-height:1.7">Mini dictionary: Elliott Wave Theory, a popular technical analysis method, identifies recurring wave patterns and investor psychology cycles in price charts, commonly used to predict potential support, resistance, and reversal levels in financial markets.</p>
<p style="text-align: justify">While activity on Sui remains high, analysts and traders continue to monitor whether the current momentum will be enough to sustain a breakout above the major resistance point.</p>
<p>The post <a href="https://en.coin-turk.com/sui-targets-1-05-as-market-cap-surpasses-4-billion-analyst-sees-12-ahead/" rel="noopener noreferrer nofollow">Sui targets $1.05 as market cap surpasses $4 billion, analyst sees $12 ahead</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Sui targets $1.05 as market cap surpasses $4 billion, analyst sees $12 ahead

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