SUI Surges Back to $0.7330 Support Ahead of Potential Highs

SUI has reclaimed its support level at $0.7330 and is looking to push back to new highs. According to @CryptoMichNL, this move is in tandem with Bitcoin's attempt to reclaim $78,000.

The price of SUI currently sits within the Bollinger band, with a lower support level at $0.71 and an upper resistance level at $0.78. The 50-day exponential moving average (EMA) at $0.75 and the 200-day EMA at $0.74 form immediate overhead resistance.

The Relative Strength Index (RSI) is currently at 35.59, leaving room for a potential bounce in the price of SUI. However, the MACD death cross at -0.01 indicates that downside pressure remains until Bitcoin confirms its turn.