SUI: Foundation Buybacks Hit Second-Largest Day

Michaël van de Poppe states he is not bullish enough on SUI after SUI Foundation buybacks posted their second-largest day at 9K tokens.

Price sits at $0.69 exactly on the EMA50 while the EMA200 at $0.71 caps the next resistance layer. The MACD has printed a golden cross at zero, confirming trend strength, yet RSI at 57.92 leaves room before overbought territory.

With price testing the upper Bollinger band at $0.70 and the lower band offering support at $0.66, any SUI price prediction must factor this tight volatility range; a brief pullback to the 50-EMA confluence would align with ongoing crypto accumulation trends before the next leg higher.