SUI Price Hinges on Bitcoin Clearing $78,000

Michaël van de Poppe is predicting a potential reversal in the SUI price, citing a likely last downside probe before it starts moving higher alongside Bitcoin. As of now, the SUI token trades at $0.73, below both the EMA50 and EMA200 lines on the 4-hour chart, indicating a bearish trend structure.

The MACD indicator is locked in a death cross at -0.01, while the RSI sits at 38.97, leaving room for further downside before it reaches oversold conditions. Van de Poppe expects a test of the lower Bollinger Bands support at $0.72, which could deliver the final washout before any sustained recovery toward the upper band at $0.79.

The SUI price's movement now hinges on whether Bitcoin can clear $78,000 to unlock a rotation higher in the SUI token.