SUI: Rejection at $0.7330 Eyes $0.68 Entry
SUI rejects $0.7330 resistance as Bitcoin holds key lows, with $0.68-0.70 eyed as entry before rebound to $0.90 amid neutral RSI and MACD golden cross.
SourceAnalysis
SUI printed a clear rejection at $0.7330 that flipped into resistance, with Bitcoin correlation now dictating whether dips stay contained or accelerate toward the $0.68-0.70 zone flagged as a high-conviction entry for the move back to $0.90.
Over the past six months SUI price prediction models have repeatedly highlighted this corridor as the final demand pocket before trend exhaustion sets in. Bitcoin losing its recent lows would likely drag SUI into that area, where aggressive bids have historically emerged.
Price sits at $0.72 inside the Bollinger band with upper resistance at $0.76 and lower support at $0.71. The EMA50 at $0.75 and EMA200 at $0.74 continue to cap upside while RSI at 42.09 stays neutral and MACD registers a bullish golden cross at -0.01, creating a tight confluence that favors a measured retracement into the $0.68-0.70 demand before any sustained push higher.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast