Michaël van de Poppe sees SUI price heading towards $0.75 and $0.80

According to analyst Michaël van de Poppe, SUI has shown a strong upward move from what he describes as an excellent entry level. The price rose to approximately $0.72. Van de Poppe expects the next resistance levels to be around $0.75 and $0.80, but allows for an interim correction.

SUI is available at OKX and Bybit.

In short:

• SUI rose from an entry zone and reached approximately $0.72
• Van de Poppe sees a possible correction to below $0.68 as a new buying opportunity
• The next price targets are around $0.75 and $0.80, according to him

SUI rises sharply from entry zone

On the six-hour chart of SUI/USDT, a significant upward move is visible from a zone around $0.63 to $0.65, which Van de Poppe previously identified as a favourable entry level. The price subsequently rose to around $0.72, an increase of approximately 14% in a short period.

The analyst notes that around $0.70 to $0.71 there is still liquidity available that the market can absorb. This level acted as resistance during the recent downtrend and now serves as potential support.

Correction possible, but Van de Poppe buys on dips

Van de Poppe indicates that he wants to re-enter if the price falls back below $0.68. Such a correction would, in his analysis, be a healthy consolidation after the rapid rally.

If the price holds that support, he is looking at $0.75 as the next level and then around $0.80. At the time of the analysis, SUI was trading around $0.7031, which means there is still some room before the first target level is reached.