$SUI is currently in an uptrend, within wave 3 of an Elliott Wave cycle, with a key extension target of $2.50. Caution is advised when analyzing the microstructure of altcoins like SUI due to volatility and potential distortions. Critical support is identified around $1.60, with potential to retest lower if certain thresholds break. If wave 3 extends, SUI could hit $2.18 or beyond, though there are risks around a top forming. Key retracement levels such as $1.49, $1.31, and $1.17 are highlighted for trend assessment.

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