2024

Elite

<p>Michaël van de Poppe updated his SUI price outlook in a viral tweet posted earlier today.</p>
<p>He pointed out that the SUI price has undergone a significant correction, pulling back around 30% from its recent peak. The token is currently trading at $1.8232, down nearly 1% in the latest trading session, as selling pressure continues to weigh on the price.</p>
<p>According to van de Poppe’s technical analysis, several key price zones warrant attention. The primary support level sits around $1.7929, forming <a href="https://www.investopedia.com/trading/support-and-resistance-basics/" target="_blank" rel="noopener noreferrer nofollow">a strong horizontal support</a> that could potentially act as a buffer against further downside. A secondary support zone hovers near $1.60, which aligns with growing buyer interest in the market.</p>
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   <p lang="en" dir="ltr">The markets have been correcting and <a href="https://twitter.com/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SUI</a> has seen a 30% correction after a giant run. <br><br>That means that I think that this one is going to be into an area of interest (for me).<br><br>I think starting to build a position here is good, through which the area around $1.50 is good too. <a href="https://t.co/FxocUp6xUM" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/FxocUp6xUM</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1850155548596924563?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 26, 2024</a>
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<p>The renowned analyst highlights the $1.50-$1.60 range for <a href="https://captainaltcoin.com/can-sui-reach-100-this-crypto-cycle-sui-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">the SUI price</a> as what he terms an “aggressive area for entry.” This zone could present opportunities for traders following the substantial retracement. The chart’s technical indicators suggest a potential further decline of 31.33%, approximately a $0.7448 move from current levels, which would bring the price into this target zone.</p>
<p>Trading volume has shown a gradual decrease during the recent downtrend, potentially indicating weakening selling momentum. The RSI indicator is moving toward oversold territory, which historically has preceded price reversals in similar market conditions.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/this-kaspa-kas-metric-soars-outperforms-bitcoin-dogecoin-and-more/" target="_blank" rel="noopener noreferrer nofollow">This Kaspa (KAS) Metric Soars, Outperforms Bitcoin, Dogecoin, and More</a></strong></em></p>
<p>Van de Poppe’s analysis suggests a measured approach to position building, with current levels offering initial entry points while keeping powder dry for potential moves toward the $1.50 mark.</p>
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<p>The post <a href="https://captainaltcoin.com/sui-price-dips-30-elite-analyst-points-to-buy-zones/" rel="noopener noreferrer nofollow">SUI Price Dips 30%, Elite Analyst Points to Buy Zones</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

SUI Price Dips 30%, Elite Analyst Points to Buy Zones

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