SUI: Consolidates With $1.40 Highs Ahead
SUI trades at $1.02 while Michaël van de Poppe flags short correction risk yet targets $1.16 and $1.40 tests.
SourceAnalysis
SUI trades at $1.02 and remains in consolidation according to @CryptoMichNL, who sees a brief pullback before tests at the $1.16 and $1.40 highs.
Price sits inside the Bollinger Bands with upper resistance at $1.13, while the 50-EMA at $0.89 and 200-EMA at $0.79 anchor the bullish structure. RSI at 68.45 stays neutral and the MACD death cross at 0.05 signals fading momentum, pointing to a healthy retracement toward the 50-EMA before any continuation higher.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast