Sui: Trader Flags Rotation on TPS Highs
Sui at $0.7 draws rotation signals from @CryptoMichNL as TPS hits records and buyback fuels narrative with MACD golden cross intact.
SourceAnalysis
Sui attracts renewed focus after technical trader @CryptoMichNL highlighted multiple signals pointing to rotation and a potential bottom.
Network TPS continues climbing to fresh highs while the buyback program strengthens the narrative around ecosystem expansion over the past year.
Price action at $0.7 sits inside Bollinger Bands with upper resistance at $0.71 and lower support at $0.67. The MACD golden cross at 0.0 confirms bullish momentum while RSI at 55.66 stays neutral, allowing the EMA50 at $0.69 to act as immediate support before any push toward the upper band.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast