Amid a general crypto market rebound, SUI stood out from the crowd, emerging as the second-highest weekly gainer, rising by 67.21%. The prominent altcoin has been one of the major headliners of the current market cycle, increasing by 192.70% in the past year.
However, certain market technical indicators show that SUI is likely headed for a correction following its most recent explosive gains.
Elliott Wave Count Suggests Pullback Looms For SUI
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In an X post on Friday, X market analytics handle More Crypto Online shared an interesting analysis on the SUI market using the Elliott Wave theory — a technical tool that predicts future price trends by recognizing recurring wave-like patterns.
According to the analysts at More Crypto Online, SUI’s bullish performance in the
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