Sui (SUI) Flashes a Buy Signal After a 10% Weekly Drop: What Are the Potential Targets?

SUI trades well below its peak levels, and its double-digit decline over the past week has only worsened its condition. It is currently worth around $0.71, representing an 80% crash on a yearly basis.

However, certain indicators suggest that a resurgence could be just around the corner.

The Factors in Question

Renowned analyst Ali Martinez revealed that the TD Sequential has flashed a buy signal on SUI’s 12-hour chart, noting that it has been “remarkably accurate at identifying major trend shifts.”

“Its previous signal came after a 17% rally and accurately anticipated the next shift in momentum. Now, with SUI trading near $0.71, the indicator has flashed a fresh buy signal. This could mark the beginning of the next leg higher,” he stated.

His analysis follows a previous comment on SUI. Last week, Martinez argued that the asset appears to have entered a trading channel with a lower boundary set at $0.71. He claimed that if this area holds, he plans to buy SUI again, targeting the top of the structure at around $0.84.

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