SUI Price Action Torn Between Downtrend and Bullish Signal
SUI, an altcoin, has been trading at $0.7621 below its EMAs in an ongoing downtrend since May.
The descending Supertrend channel remains intact, and price has spent the past month chopping around $0.70 to $0.80 without a clean breakout.
A bullish divergence pattern is building on the SUI/BTC chart, with price making lower lows while RSI momentum makes higher lows, a setup that historically precedes reversals.
Analyst CryptoMichNL flagged this pattern as a potential reversal signal, noting it recently showed up at Bitcoin's own low and across several altcoin charts.
The SUI/BTC chart also shows a falling wedge pattern with a bullish RSI divergence, which could lead to a rotation of liquidity into SUI from BTC.
ETF inflows have been consistent for 12 straight weeks, adding over 9.3 million tokens since June, but the DeFi TVL on Sui still sits at 82% below its peak in 2025.