SUI Price Continues to Climb Despite Short-Term Volatility

The price of SUI continues its upward trend, with some analysts predicting that this rally is far from over. According to Michaël van de Poppe, seven months of building bullish divergences cannot be erased by a single week of gains. This divergence has been observed across multiple charts and time frames.

Currently, SUI trades at $1.16 on the 4h chart, testing short-term volatility limits with upper resistance at $1.28. The EMA50 at $1.08 acts as a key support level in the prevailing bullish structure. This suggests that SUI may experience a measured pullback to this level before continuing its upward momentum.

The RSI is currently neutral, sitting at 51.71, while the MACD death cross indicates a possible continuation of the rally. The fact that daily active users on SUI now outnumber those on NEAR, TON, Arbitrum, and Injective further supports the bullish sentiment surrounding this asset.