SUI: Bullish Divergence Holds as Altcoins Target Rally
Michaël van de Poppe states that SUI maintains its bullish divergence after sweeping lows and expects altcoins to outperform Bitcoin following the end of midterm fears with a repeat of post-FOMC gains.
SourceAnalysis
SUI has swept its lows yet the bullish divergence remains intact according to Michaël van de Poppe, who forecasts #Altcoins outperforming Bitcoin now that midterm uncertainty has passed and anticipates a repeat of the prior post-FOMC rally.
Price sits at $0.92 inside the Bollinger Bands with upper resistance at $0.92 and lower support at $0.86. The EMA50 at $0.91 provides immediate structural support while the EMA200 at $0.97 caps upside. RSI at 57.69 shows neutral momentum and the MACD golden cross reinforces the bullish structure, suggesting any pullback toward the 50-EMA would likely attract fresh buying before continuation higher.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast