SUI: Weekly Bullish Divergence Holds as Price Tests $0.7
SUI holds weekly bullish MACD and RSI divergence at $0.7 with 4h EMA50 support intact while traders eye $1.40-1.50 targets.
SourceAnalysis
SUI shows persistent weekly bullish divergence on both MACD and RSI according to @CryptoMichNL, keeping the $1.40-1.50 target zone alive despite the slow weekly timeframe.
Traders continue to weigh fresh portfolio additions as the divergence requires patience yet points to reversal if the next one to two weeks print green. SUI price prediction models now factor this macro setup alongside shorter-term signals.
On the 4h chart SUI trades inside the Bollinger Bands at $0.7 with price testing upper resistance at $0.71 while RSI(14) prints a neutral 55.23 and MACD registers a bullish golden cross; the EMA50 at $0.7 acts as immediate support and the EMA200 at $0.81 caps upside, creating a tight confluence zone that favors a brief retracement to the 50-EMA before continuation.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast