Sui targets $1.05 as market cap surpasses $4 billion, analyst sees $12 ahead

Sui Network’s market capitalization has recently climbed above $4 billion, drawing renewed interest from traders. Investors are now watching the native SUI token with hopes of a return to the $1.05 resistance level, which sits within a crucial supply zone. A rejection at this point would likely see SUI drop below $0.95, with further declines toward the $0.88 support area seen as possible in the short term. Analyst Laurenco outlined that the Sui chart, mapped using Elliott Wave theory, shows critical levels as the token works through late-stage corrective patterns.