SUI: Final Resistance at $1.15 Eyes Acceleration
Crypto analyst Michaël van de Poppe states that SUI faces its final resistance before acceleration, with a breakout above $1.15 likely triggering new highs as other altcoins have already demonstrated similar patterns.
SourceAnalysis
Michaël van de Poppe flags that SUI sits at the final resistance before potential acceleration, noting that a clean break above $1.15 would open the door to fresh highs while other altcoins have already confirmed the pattern.
Price action on the 4h chart shows SUI at $1.12 inside the Bollinger Bands with upper resistance at $1.16 and lower support at $1.02; the EMA50 at $1.13 acts as immediate resistance while the EMA200 at $1.02 anchors longer-term support, and the neutral RSI at 52.3 combined with the MACD golden cross at -0.01 suggests momentum is shifting even inside the prevailing bearish structure, pointing to a probable test of the upper band before any sustained continuation.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast