Van de Poppe Sees Opportunity for SUI at Current Level

Michaël van de Poppe is keeping an eye on SUI. The analyst sees the current price level as a possible entry point, although he indicates that $735 would be the most favourable price to enter. Whether the level holds, according to him, depends strongly on how Bitcoin develops in the coming days.

SUI is available at OKX and Bybit.

In brief:

• Van de Poppe sees the current SUI level as interesting, but $735 as the optimal entry point
• He expects an attack on the recent price high if Bitcoin rebounds
• Bitcoin currently stands at $77.450, with a small gain of 0.2% over the past 24 hours

Current level as a possible opportunity

Van de Poppe shares his analysis via X and points to the current price level of SUI as a place where investors could consider a position. He calls this level important, but stresses that $735 would be the most attractive entry price.

The accompanying chart shows that SUI recently rose sharply, followed by a sharp correction back to a support zone. Van de Poppe marks this area as a potentially interesting buying level.

Bitcoin determines the direction

Van de Poppe’s expectation is linked to Bitcoin’s recovery. If Bitcoin’s price rebounds, he thinks SUI could attack the recent peaks again in the coming days. Bitcoin is currently trading at $77.450, up 0.2% in the past 24 hours.

Earlier, Van de Poppe already wrote about a possible Bitcoin move towards $81.000 to $83.000 as a condition for a broader altcoin rally. Whether SUI follows that move therefore depends strongly on what the market leader does in the coming days.