Sui(SUI) Roadmap!!!
2024-10-08

Today, I want to analyze the  Sui(  BINANCE:SUIUSDT  ) project , which has seen a good increase in these days, and show you its  roadmap .

The recent price surge of the  SUI token  can be attributed to several  key factors :

 1- Increased Transaction Volume :  Sui Network recently surpassed Solana in terms of transaction volume. This uptick in transactions is largely driven by the rise of meme coins on the Sui blockchain, which has caught the attention of traders and investors alike.
 

 2- Strategic Partnerships and Institutional Adoption :  Sui Network has formed strategic partnerships, notably with Grayscale and Circle. The launch of the Grayscale SUI Trust has enabled institutional investors to gain exposure to SUI, boosting interest and liquidity. Additionally, the integration of USDC through Circle’s Cross-Chain Transfer Protocol has enhanced the network’s utility in DeFi and gaming sectors. 

 3- New SCION Technology :  Sui introduced SCION, a new network infrastructure designed to enhance security and reduce latency in Web3 applications. This innovation has further bolstered confidence in the network, attracting more users and developers. 

It seems that according to the  good news  that has come for the  Sui project , the increase of the  SUI token  will continue, but it will probably experience a  small correction  to increase again.

Currently,  SUI  is moving near the  Resistance lines  and the  Potential Reversal Zone(PRZ)($3.00-$2.50) .

According to the theory of  Elliot waves , SUI seems to be completing the  main wave 3 . ( It is completing the microwave 5 of the main wave 3 ).

I expect  SUI  to rise another  +20%  or so and then start to correct.  SUI correction  can be  -20% to -40% .

Sui Analyze (SUIUSDT), Daily time frame⏰.

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