Sui: Trader Spots Bullish Divergence for Reversal
Michaël van de Poppe flags strong bullish divergence building on Sui across multiple timeframes, marking current ranges as accumulation zones for a potential reversal toward the $1 level.
SourceAnalysis
Michaël van de Poppe calls current ranges the zone for longs on Bitcoin and altcoins, singling out SUI because strong bullish divergence is forming on multiple timeframes and consensus bearish forecasts look overstated.
At $0.89 the token trades inside its Bollinger Bands, pressing toward upper resistance at $0.92 while the MACD golden cross supplies fresh momentum and RSI sits neutral near 50.56; with EMA50 resistance at $0.91 and EMA200 at $0.97 still overhead, a measured push through the band could open the path to the $1 higher-high target before any deeper pullback tests lower-band support at $0.86.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast