- SUI active addresses surged over 250% in a week, rising from 66,886 to 231,272 despite negative social sentiment.
- A monthly buy signal and bullish divergence support potential upside, with analysts targeting $1.50 and $2.30.
- SUI holds above its 200-day average at $0.714, while $0.70 support and $0.771 resistance remain key levels.
SUI is holding near $0.72 as analysts Ali Charts and Michael van de Poppe identify signs of improving momentum. Ali cited a monthly buy signal and rising active addresses, while Van de Poppe highlighted bullish divergence against Bitcoin. The latest chart shows SUI above its 200-day average but below its 50-day average.
SUI Activity Rises After Sharp Decline
Ali Charts said the Tom DeMark Sequential indicator flashed a buy signal on SUI’s monthly chart. He also identified a morning doji star developing after the token’s prolonged decline. Meanwhile, SUI active addresses surged more than 250% over the past week.
The number increased from 66,886 to 231,272 during that period. However, social sentiment around SUI remains negative, according to Ali. He said the weekly structure could support a move toward $2.30 or the channel’s upper boundary near $8.
The latest chart places SUI around $0.723, below the $0.771 50-day moving average. However, price remains slightly above the $0.714 200-day average.
Van de Poppe Tracks Bullish Divergence
Michael van de Poppe expects a large move from SUI and linked its setup to broader strength in SOL. He said SUI could follow as SOL moves higher. Technically, Van de Poppe identified a large bullish divergence on the daily timeframe. He expects SUI to gain 60% to 80% against Bitcoin.
Based on that move, he placed SUI near $1.50. Meanwhile, the token previously climbed toward $1.40 in May before reversing. SUI then fell into the $0.65-$0.70 range during June. After prolonged consolidation, another August rally pushed price near $0.95 before sellers rejected the move.
SUI Faces $0.70 Support and $0.77 Resistance
The current chart places $0.70-$0.71 as the main support zone. A break below $0.70 could expose the $0.64-$0.65 region. On the upside, SUI first faces resistance around $0.77. The next levels are near $0.83-$0.95.
Notably, trading volume is around 502.86 million SUI. The 50-day average has also turned upward, although price remains below it. Therefore, reclaiming $0.771 would strengthen the short-term setup. However, losing $0.70 would place the lower support region back in focus.
