SUI: Uptrend Starts With Bitcoin Outperformance
SUI at $0.76 launches uptrend, outperforming Bitcoin as breakout above $0.7330 eyes $0.87-0.90 targets.
SourceAnalysis
SUI has launched its uptrend and is outperforming Bitcoin, according to Michaël van de Poppe. The analyst flagged that BTC upside momentum should fuel a strong SUI breakout once price clears $0.7330, with the next targets at $0.87-0.90 and potential extension to $1.50 on the BTC pair.
Price currently sits at $0.76 right at the upper Bollinger Band resistance while the RSI(14) holds neutral at 58.89 and the MACD registers a bullish golden cross. With both the EMA50 and EMA200 anchored at $0.74 as concrete support, the technical confluence points to a measured continuation higher rather than immediate exhaustion, provided the $0.7330 trigger holds.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast