Sui Price Prediction: Crypto Analyst Reveals When SUI Price Could Break $20!

Jakarta, Pintu News – In the turbulent world of digital finance, the Sui (SUI) cryptocurrency has recently been in the spotlight after a massive hacking incident involving the leading DEX, Cetus.

Despite the significant losses, the Cetus team managed to freeze most of the stolen funds, and market analysts are now predicting a significant price increase for SUI in the coming months.

Hacking Incidents and Fund Recovery

DEX Cetus announced the freezing of $162 million of the total $220 million stolen by hackers in an incident that occurred on Thursday. The frozen funds are still in the form of SUI, while the remaining $60 million in Ethereum (ETH) is outside the ecosystem.

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The Cetus team, along with the SUI Foundation and various other entities, are working hard to recover all lost funds. On May 24, SUI provided an update via the X platform explaining the process of freezing funds to ease concerns about the risk of network centralization.

As many as one-third of SUI validators chose to ignore transactions from suspect addresses, which aided in the freezing of the funds.

Additionally, the Cetus team offered a “white hat” bounty of $6 million to the hackers if they returned 20,920 ETH, with the promise of taking no further legal action if the hackers did not move or commingle the stolen funds.

Elliott Wave Analysis and SUI Price Projections

According to analyst Michael_EWpro, SUI appears to be following the classic Elliott Wave cycle, which consists of five impulsive waves (1-2-3-4-5) that move in line with the broader trend, followed by three corrective waves (A-B-C).

SUI has completed wave (1) to (3) and is close to completing wave (4) correction with a potential support zone between $1.50-$1.80.

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If this correction holds, it could be the basis for a strong fifth wave extension, with Fibonacci projections placing key resistance between $13.00 and $20.00.

The ongoing correction also forms an ABC structure, with a projected retracement towards the $2.00-$2.40 range, which is in line with the lower trendline of the broad ascending channel. This zone also coincides with the peak of the previous Wave (1), providing strong historical support and acting as a key accumulation level before the next leg up.

If the correction completes as expected, the next bullish impulsive wave (5) could target the Fibonacci extension between 1,618 and 2,618, putting the price projection between $13 and $20.

Overall, while the $220 million Cetus hack is the largest DeFi hack in 2025, it is not as big as the $1.4 billion centralized exchange hack that occurred on the Bybit exchange.

However, SUI price has recorded an intraday gain of 3.91% and has a bullish outlook from market analyst Michael_EWpro, who gave an optimistic SUI price forecast with a target of $20.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Analyst Reveals Timeline for $20 SUI Price Target. Accessed on May 27, 2025

*Featured Image: Decrypt