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Just a few days ago, SUI crossed the $1 psychological level and surged to a four-month high of $1.05.<\/p>\n
Bears then stepped in and pushed the price down to $0.95 (per CoinGecko), but according to popular analyst Ali Martinez, the bull market has already begun.<\/p>\n
The X user said<\/a> that after an 83% drop during the bear market, SUI has flashed one of its most important macro bullish signals. Specifically, the Parabolic SAR dots have flipped below price on the weekly chart, indicating a shift from a downtrend into a new uptrend.<\/p>\n “The indicator is designed to identify trend direction and potential reversals, with dots below the price signaling bullish momentum. After such a deep correction, this weekly flip suggests that SUI has finally entered a new bull market,” the analyst claimed.<\/p>\n<\/blockquote>\n This isn’t the first time Martinez has touched on the asset this month. Several days ago, he outlined<\/a> three key reasons why the price can soon reach $1.40. Some of those include the Tom DeMark Sequential, which printed a 13th buy signal in late July, and the SuperTrend indicator, which also flipped to “buy.”<\/p>\n Lucky and Michael van de Poppe have also paid attention to SUI lately. The former argued<\/a> that the token has been screaming NEAR vibes, highlighting its “strong development, growing ecosystem, and plenty of momentum” behind its network.<\/p>\n “Expecting SUI to go on a majestic run from here,” the X user added.<\/p>\n<\/blockquote>\n Michael van de Poppe warned<\/a> that SUI may experience a correction (as it did), but could then jump toward $1.16 and $1.60 in the coming period.<\/p>\n For his part, Crypto With Gopal noted<\/a> that the coin has printed a massive double bottom on its chart. He said SUI has defended the $0.55-$0.60 zone for the second time, while the neckline sits near $2.70.<\/p>\n “A confirmed breakout could signal a major momentum shift. The chart projects a potential move toward $5.00 if the neckline breaks convincingly. Market sentiment: Bullish setup – breakout confirmation is key,” the analyst projected.<\/p>\n<\/blockquote>\n Earlier this week, Crypto Tony identified<\/a> $1.12 as the first bullish target about to be hit, saying he plans to take some profits once the price reaches that level.<\/p>\n KALEO has also been quite vocal on the matter. The analyst first claimed<\/a> that SUI looks like “it’s finally ready to break out.” Shortly after, they predicted<\/a> a quick squeeze from $1 to $2, adding that people forget how fast the asset can run once it starts rallying.<\/p>\n The post SUI Flashes a Key Macro Signal: Has the Bull Market Begun?<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n\n
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Additional Forecasts<\/h2>\n
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