Sui price shows bullish divergence towards $1.10 or $1.40

Analyst Michaël van de Poppe signals an interesting technical setup for Sui. On the daily chart, he sees the same bullish divergence that previously appeared with other coins, which in his view points to increasing price strength for the altcoin.

Sui is available at OKX and Bybit.

Divergence on the daily chart

Van de Poppe points to a clear divergence on the daily timeframe for Sui. The chart shows the price forming lower lows while the MACD is printing higher lows. This pattern is known as a bullish hidden divergence and indicates a possible trend reversal or upward acceleration.

The current price of Sui is hovering around $0.75. Van de Poppe notes that this does not mean the coin will suddenly skyrocket, but that the likelihood of increased upward pressure in the coming period is significantly rising.

Possible rally towards $1.10 or $1.40

Based on this analysis, Van de Poppe expects a recovery move towards $1.10 or even $1.40. That would represent a rise of roughly 46% and 86% respectively from the current level. He indicates that the path upward will not be straight, but that the technical signals are leaning in favour of the bulls.

Anyone interested in buying Sui can find comprehensive information about the coin and how to get in as an investor. Whether the price actually reaches those levels will of course also depend on broader market conditions, but for now the technical setup looks promising.