Sui: Correction Likely Complete at Key Support

Sui may have wrapped its correction, according to trader Michaël van de Poppe. The token dropped from $1.25 to $0.95, exceeding 20% while Bitcoin corrected 10% from $87,000, a move that typically amplifies losses across altcoins given their higher volatility.

Price now sits at $0.98 inside the Bollinger Bands with upper resistance at $1.02 and lower support at $0.96. The 50-EMA at $1.02 and 200-EMA at $1.00 act as overhead resistance in the prevailing bearish structure, yet the MACD golden cross at -0.01 signals building momentum. RSI at 45.04 remains neutral, leaving room for a quick reversal that targets a break above $1.05 before any sustained advance.