- Analyst Ali identifies TD Sequential buy signal that preceded recent 25% surge.
- SUI price falls 7.9% in 24 hours despite a strong gain of 13.1% in the last 7 seven days.
- Key resistance levels at $2.88 and $3.25 remain targets if bullish momentum returns.
Cryptocurrency analyst Ali recently highlighted a technical catalyst that drove SUI’s previous upward movement. He noted, “SUI surged 25% after a timely TD Sequential buy signal. If this bullish momentum continues, $2.88 and $3.25 are the next key levels.” This technical indicator appears to have accurately predicted the token’s recent price surge before the pullback.
The TD Sequential, a technical analysis indicator developed by Tom DeMark, is designed to identify potential price exhaustion points and reversals. Ali’s observation suggests that despite the correction, the underlying technical setup that triggered the previous 25% gain may still be intact.
The key resistance levels identified by Ali at $2.88 and $3.25 represent major price targets that come into play if SUI resumes its upward trajectory. These levels likely represent either previous support/resistance zones or Fibonacci extension targets.
This perspective aligns with comments from other market analysts who remain optimistic about SUI’s prospects. Analyst Marchus Corvinus described the current situation as a “make-or-break moment.” This is as the price retraces to its annual exponential moving average, historically a support level that has preceded major price movements. Corvinus also pinpointed an upcoming WAL listing as a potential bullish catalyst that could generate renewed market interest.
Further supporting the bullish case, analyst JAVON MARKS identified a “Hidden Bullish Divergence Pattern” in SUI’s price action. According to MARKS, this pattern suggests the recent pullback from previous highs near $5 may be temporary, with potential for the token to “nearly 2X to return there and higher.”
Despite the daily decline of 7.9%, SUI’s strong weekly performance of 13.1% shows that buyers have maintained control over the medium term. However, the 30-day metric shows a more substantial decline of 13.4%.
Related: Bitcoin ETFs Hit $36.34B in Total Inflows After $89M Boost
As market participants evaluate SUI’s price action, Ali’s technical analysis provides a framework for understanding potential next moves. If the TD Sequential signal maintains its validity despite the correction, the identified resistance levels at $2.88 and $3.25 will be key zones to watch. The coming days will be critical in deciding whether the 7.9% decline is just a temporary retracement within a continuing uptrend or could be a more sustained downside pressure that could challenge the positive weekly performance.
