Sui (SUI) Buy Signal Flashes as Analyst Eyes $0.84 Target

Sui (SUI) recently flashed a buy signal on its 12-hour chart after experiencing a 10% weekly drop, according to renowned analyst Ali Martinez.

The indicator has proven remarkably accurate at identifying major trend shifts, and this fresh signal could mark the beginning of the next leg higher for SUI.

Martinez noted that the TD Sequential has flashed a buy signal on SUI's 12-hour chart after previously anticipating a shift in momentum following a 17% rally.

He also believes that if the current trading channel holds, with a lower boundary set at $0.71, he plans to buy SUI again targeting the top of the structure at around $0.84.

The asset's exchange netflow has also been observed, showing outflows dominating inflows over the past few days, which reduces immediate selling pressure.