Ali Martinez Calls Bull Market in Sui as Price Targets $1.40
Analyst Ali Martinez is calling for a bull market in Sui (SUI), citing three on-chain metrics that have flipped bullish. According to Martinez, the Tom DeMark Sequential printed a 13 buy signal in late July, and since then, SUI has rallied about 45%. The SuperTrend indicator also flipped to a buy, indicating a possible larger trend change rather than a short-lived relief rally.
The third and final metric that triggered was the Parabolic SAR. Martinez said a move above $0.98 would push the SAR dots below price and act as dynamic support. This condition has now been met, and he believes a bull market is underway.
Looking at the weekly chart, SUI appears to be trading within a parallel channel with an immediate upside target near $1.03. A break above this level would put the upper boundary near $1.40 in focus.