Michael van de Poppe identifies $1.13 as the first dip level, $1.05 as key for swing positions and $0.88 as deeper support. SUI remains above its 50-day and 200-day moving averages at $1.09 a
SUI is facing a short-term pullback after a sharp September rally pushed the token toward $1.30, with analyst Michael van de Poppe monitoring its next move. Van de Poppe identified $1.13, $1.05 and $0.88 as important levels for a potential dip. Meanwhile, SUI’s daily active users have surpassed those of NEAR, TON, Arbitrum and Injective.
Van de Poppe said SUI was forming a relatively weak daily candle, although the price could still recover before the session closes. If the weakness continues, he plans to consider buying during a dip.
The analyst identified a possible sweep of $1.13 as the first level to watch. He described $1.05 as the most important level for swing positions, while expressing a preference for SUI to avoid falling toward $0.88.
Despite the recent pullback, Van de Poppe said he did not believe SUI’s rally was nearing its end. He also pointed to seven months of developing bullish divergences, which he said would not disappear after a single week of upward momentum.
SUI traded at $1.169 after rallying from around 0.65–0.70 in June and remaining subdued through August. The latest recovery accelerated in late September, lifting the token above $1.00 and toward $1.30.
Source: Santiment
The price now sits above its 50-day moving average at $1.09 and its 200-day average at $0.844. Trading volume also increased during the rally, with the displayed volume reaching approximately 1.42 billion SUI.
However, SUI faces resistance between $1.21 and $1.30, followed by the earlier peak near $1.40. The $1.09 moving average could provide support, with $1.02 and $0.844 representing lower levels.
Van de Poppe reported that Sui had surpassed NEAR, TON, Arbitrum and Injective in daily active users. He cited this network activity alongside the bullish divergences that had developed over seven months.
https://twitter.com/CryptoMichNL/status/2104638269145149502?s=20The latest price movement follows an earlier rally from the 0.90–1.00 range in late March and early May, when SUI reached approximately $1.40 before declining.
