- Sui nears the $1.45 support zone as traders watch for a reaction that may shape the next wave.
- The corrective pattern shows overlapping movements, keeping both structural scenarios active for now.
- A clear break of $1.45 may open lower Fibonacci targets if the current wave setup fails.
Sui trades within a complex corrective phase after a recent rejection at a defined resistance cluster. Market participants now monitor the developing structure as the token moves toward a pivotal support level that may determine near-term direction.
Extended B-Wave Scenario Remains Active
Sui’s recent move reflects a clear reaction to the resistance area mentioned in the update from More Crypto Online. The token failed to break the 78.6%–88.7% retracement band, a zone that capped the latest upward corrective push. That rejection set the stage for the yellow scenario, which signals an extended B-wave.
This path has so far aligned with the overlapping structure on the chart. Corrective B-waves often form choppy movement as buyers and sellers battle for short-term control. In this case, the smaller subdivisions remain intact, showing no shift yet toward a more forceful impulsive wave lower.
Sui as of writing, trades at $1.55 after losing 5.25% on the day. The intraday pattern reveals a sharp rally, a fast reversal, and a slide toward support. Despite this, volume at $1.06B shows consistent participation, keeping the current wave count technically valid.
Blue Scenario Still Viable as Support Approaches
The update notes that the blue scenario remains possible if the structure fails to hold support. This scenario would imply a more direct decline without the extended B-wave continuation. The developing drop does not yet confirm an impulsive shift, but the move toward the 100% extension at $1.45 keeps the market alert.
The support area is now the crucial reference point. A reaction there would offer clues about which structure may take over next. The Fibonacci extension has served as a key marker in previous movements, and traders reference it again as price approaches that level.
If Sui breaks below $1.45 without a notable bounce, the wave count may move toward deeper targets. Those include the 123.6% level near $1.40, followed by the 138.2% at $1.36 and the 161.8% near $1.32. These zones form the next set of downside markers in the blue path.
Market Precision Shapes the Next Move
The development shows clean reactions to every major retracement. The resistance rejection, the path toward the extension level, and the symmetry on the chart add structure to the analysis. Traders now depend on the $1.45 region to define the next directional step.
Sui’s broader 24-hour performance also frames the setup. The sharp rally earlier in the session brought price near $6.2B in market cap before selling pressure pushed it back toward $5.8B. The corrective shape remains orderly despite the intraday volatility.
The circulating supply at 3.73B SUI and a larger 10B max supply continues to factor into market sentiment. As the corrective phase develops, price behavior at support will determine if the extended B-wave persists or the direct decline gains traction.
