SUI: Bullish Divergence Eyes Recovery Above $1
SUI at $0.68 shows bullish divergence per Michaël van de Poppe, with SuiNetwork TPS highs and buybacks supporting SUI price prediction above $1.
SourceAnalysis
SUI displays strong bullish divergence on the 4h chart, according to trader Michaël van de Poppe, while SuiNetwork fundamentals advance through record TPS and active buyback programs.
Price action remains inside the Bollinger Bands with the lower support at $0.68 and upper resistance at $0.7, yet the MACD death cross and EMA50 at $0.69 continue to define near-term resistance. SUI price prediction models now focus on whether momentum can overcome the bearish EMA200 at $0.7 before any sustained move higher.
With price testing lower Bollinger support at $0.68 while RSI sits neutral at 43.94, a healthy bounce toward the 50-EMA resistance at $0.69 appears probable before further continuation, aligning with the trader's view that SUI returns above $1 once the current structure resolves.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast