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Following
SUI Van de Poppe highlighted the expansion of the SUI ecosystem, zero-fee stablecoin transfers and foundation repos
SUI/USD and SUI/BTC showed bullish signs of divergence from RSI and MACD at both weekly and three-day levels. SUI is currently gaining support in the $0.71-$0.73 range. If it breaks through the key resistance level of $0.84-$0.85, it will open up room for prices to move towards the $1 target.
Although SUI prices are down 85% from all-time highs, analyst Michael van de Poppe points out that its expanding ecosystem has widened the gap between current prices and fundamentals. He listed a number of positive factors, including zero-fee stablecoin transactions, an increase in the number of applications, rising repurchase efforts and a bullish pattern of technical deviations. At the same time, analysts such as Ali Charts and Crypto With Gopal also confirmed the effectiveness of the support in the $0.71 to $0.73 range.
Van de Poppe: Network growth and technological advantages
Van de Poppe said that SUI's technical architecture can support the development of the "Agency Economy" through zero-fee stablecoin transfers. He believes that AI agents may frequently conduct micro-transactions, so low cost and high scalability are crucial. According to the analyst, SUI has addressed the need for higher trading capacity. In addition, he also mentioned that the foundation's weekly repurchase volume is increasing and has so far purchased 600,000 SUIs.
At the same time, Van de Poppe pointed out that activity within the SUI decentralized finance (DeFi) ecosystem has begun to heat up. He emphasized that few networks have released so many applications in the past six months.
Multiple time frames show bullish divergences
Van de Poppe found bullish divergences across multiple SUI trading pairs in different time frames. The weekly RSI and MACD indicators showed divergence in the dollar trading pair; the same indicators also showed bullish divergence in the three-day dollar trading pair. In addition, these two indicators showed divergence patterns in trading pairs with Bitcoin, weekly and three-day lines. He said similar patterns had appeared before in the accumulation stage and subsequent breakouts. In his view, prices often move first before the market narrative changes.
However, Van de Poppe did not give specific SUI price targets based on these technical forms.
Analysts focus on the $0.71-$0.85 price range
Ali Charts pointed out that SUI appears to be trading within a channel and close to the $0.71 position near its lower boundary. He sees this area as a potential support level and sets the upper boundary of the channel at around $0.84. Crypto With Gopal separately identified a double bottom formation formed in the $0.72-$0.73 range. He said the buyer defended the area twice. According to Gopal's analysis, if prices can break through the resistance range of $0.84-$0.85, it will open a path to $1.00. This assessment was reached after the lower support zone was successfully defended.
