$SUI down 85% from its 2025 highs, and according to Elliott Wave analysis, it's never actually formed a proper five-wave impulsive move — meaning no confirmed long-term bottom yet. The current structure looks like a flat correction, with potential support around 65 cents or even 49-50 cents if the downturn deepens. A true reversal would need a clear five-wave up move first, so for now, the trend remains cautiously bearish.