SUI Turns Bullish as Crucial Technical Indicator Flips

SUI's recovery has been gaining momentum after months of heavy selling. The token has reclaimed the $1 level, and a crucial technical indicator has turned bullish following an approximately 83% decline from its previous highs.

Crypto analyst Ali Martinez highlighted this development, pointing to a shift in SUI's weekly Parabolic SAR. This trend-following indicator represented by dots above or below price has moved below the candles for the first time since the prolonged decline.

The Parabolic SAR's change becomes clearer when considering SUI's chart. The token spent much of the past year falling from above $4 toward roughly $0.50, an approximately 83% drawdown. Throughout most of that decline, the Parabolic SAR remained firmly above the weekly candles.