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More Crypto Online21 Dec 2025, 07:44 UTC
AI-generated source summary
The SUI/USD pair is currently undergoing a pullback after completing a five-wave impulse move to the upside. The market is quiet, characteristic of a weekend trading environment. This pullback is anticipated to be an internal wave two, part of a larger ABC corrective structure. Key support for this pullback lies within the $1.36 to $1.43 range, defined by Fibonacci retracement levels (38.2%, 50%, 61.8%, and 78.6%). Specifically, the 38.2% Fibonacci level is at $1.4286, the 50% at $1.4082, the 61.8% at $1.3882, and the 78.6% at $1.3600. The ideal scenario involves the price holding above the $1.36 level. The formal invalidation point for the bullish 1-2 setup is identified at the swing low that formed on Thursday, approximately around $1.29-$1.30, as a wave two must not retrace below the beginning of wave one. The preceding five-wave upward movement, contrasting with prior three-wave corrective structures, suggests a potential shift to a bullish trend direction. The subsequent C-wave upward move is projected to extend towards or beyond the previous high around $1.75, which would continue the overall wave four correction prior to further potential downward movement.
AI-generated summary based on the source content.
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