SUI to 65 Cents? Fibonacci Support Levels Explained

SUI is approaching the 78.6 Fibonacci retracement level, and this analysis breaks down the key support levels and what needs to happen for a confirmed bottom. Using Elliott Wave structure and time cycle analysis, we examine why SUI has failed to form a long-term bullish pattern after only rallying in three waves from the 2023 low. The next critical support zones are at 65 cents and 49 cents, with resistance levels defined using Fibonacci measurements. Time cycle projections suggest a major low could form in September or October, though the path down may include sideways action and bounces. Watch for micro-resistance breaks between $0.76 and $0.86 as an early signal that a local bottom may be forming.

Timestamps:
0:00 - SUI chart structure overview
1:30 - Elliott Wave analysis ABC patterns
2:56 - Key support levels 65 and 49 cents
5:03 - Time cycles and cycle engine tool
7:39 - Microstructure resistance levels

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