The price is currently moving through a B-wave within a larger wave 4. The key question for next week is whether price will react to the newly defined micro support zone between 170.44 USD and 178.93 USD. This is the region where a B-wave pullback would typically find support, although B-waves can dip slightly deeper, so caution is needed. If price holds this zone, the market could attempt to form an impulsive C-wave that would target the main resistance area starting at 206 USD. A very important level in that region is 235 USD, which represents standard resistance for a wave 4. However, the A-wave that likely completed on Friday was very small, so I am not fully convinced that we will see a large C-wave.
$SUPER The price needs to hold above $0.144 to keep the 1-2 setup alive, but the price must to a lot of work to confirm an upside reversal. So far we have seen a small reaction to the support zone but no clear 5-wave move to the upside.$SUPER
$SUI is currently bouncing from the 100% extension at 1.41 USD, which has been an important support level. Price is now approaching the resistance zone for a potential wave 4 bounce between 1.68 USD and 2.21 USD. The market needs some room within this area, as wave 4 bounces can vary in depth.
If SUI completes 5 waves to the upside and breaks above 2.21 USD, it could indicate that a more meaningful low has already formed. For now, though, the downside structure still looks incomplete. Bitcoin also suggests the possibility of another low after a 3-wave corrective bounce, which aligns with a fourth wave interpretation.
On the SUI chart, I am treating this move as wave 4 within a larger C-wave to the downside. A full C-wave requires 5 waves, so one more low appears to be missing. As always, the market can do anything, but if we see a clear reaction in the resistance zone that signals wave 4 has topped, I will update accordingly.$SUI