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 \u201cThe 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,\u201d the analyst claimed.<\/p>\n This isn\u2019t 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 \u201cbuy.\u201d<\/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 \u201cstrong development, growing ecosystem, and plenty of momentum\u201d behind its network.<\/p>\n \u201cExpecting SUI to go on a majestic run from here,\u201d the X user added.<\/p>\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 \u201cA 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 \u2013 breakout confirmation is key,\u201d the analyst projected.<\/p>\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 \u201cit\u2019s finally ready to break out.\u201d 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>","protected":false},"excerpt":{"rendered":" Just a few days ago, SUI crossed the $1 psychological level and surged to a four-month high of $1.05. 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. Why So? The X user said that after an 83% […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-232026","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/232026"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=232026"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/232026\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=232026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=232026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=232026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Additional Forecasts<\/h2>\n