SUI: Bullish Divergence Signals Uptrend Ahead
SUI at $0.74 shows strong bullish divergence on 4h chart with EMA50 support at $0.73 as Bitcoin eyes $65,000 breakout.
SourceAnalysis
SUI holds a strong bullish divergence on the 4h timeframe that points to an impending uptrend, according to trader @CryptoMichNL. The setup remains fragile yet the signal aligns with Bitcoin pushing above $65,000 in coming weeks.
Price currently trades at $0.74 inside the Bollinger Bands with upper resistance at $0.75. The EMA50 at $0.73 acts as immediate support while the EMA200 at $0.76 caps upside. MACD has printed a golden cross and RSI sits neutral at 59.05, creating confluence for continuation once volatility expands.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast