SUI: Bullish Divergences Mark New Uptrend Start

SUI posted fresh bullish divergences on daily, 3-day and weekly timeframes, marking the potential start of a new bull cycle according to trader @CryptoMichNL.

Price sits at $0.7 inside the Bollinger Bands with upper resistance at $0.7 and lower support at $0.66. The 50-EMA at $0.69 and 200-EMA at $0.71 frame the structure while RSI at 62.62 stays neutral and MACD registers a bullish golden cross.

With price testing upper Bollinger resistance at $0.7 while RSI flashes 62.62, a healthy retracement to the 50-EMA support at $0.69 seems probable before further continuation. SUI price prediction models now focus on this confluence zone as the next decisive level for continuation higher.