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Jakarta, Pintu News – The crypto market is under pressure today after experiencing a sharp decline of 5.2%, and Bitcoin’s (BTC) price drop below $97,000 further worsened the market sentiment. However, amidst the uncertainty, one coin is attracting great attention – Sui (SUI).
According to leading crypto analyst Michael van de Poppe, the SUI price is potentially poised for a major rebound from the zone that once fueled a significant rally. Some traders are even predicting price movements that could lead all the way to the $20 level.
Crypto trader Michael van de Poppe shared the latest weekly chart showing that SUI is currently just above a major long-term support area, which he calls a classic setup for a potential strong reversal.
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According to the analyst, the SUI token is currently trading well below its 20-week moving average, creating a wide price gap and indicating that SUI may be undervalued.
He also added that a similar pattern last appeared in March to April 2025, when SUI prices recorded a rise of more than 100% immediately after touching these levels.
Based on the chart he shared, there are two important upside targets if SUI starts to show recovery:
These two levels are the next major resistance points for SUI, and a break above them could confirm a stronger trend reversal.
Beyond the price chart patterns, the factor that has caught analysts’ attention the most is the growing strength of the SUI ecosystem. The network continues to thrive in the Web3 and DeFi realms, but the recent launch of USDSui – a fiat-based stablecoin issued by Stablecoin, a subsidiary of Stripe – has brought attention to a new level.
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Michael van de Poppe mentioned that his visit to New York Blockchain Week made it clear that institutional interest is now increasingly focused on stablecoins, especially after the new regulatory clarity under the Genius Act.
With SUI now strengthening its position in the sector, many analysts believe that this could significantly boost long-term demand.
Supporting Van de Poppe’s view, crypto analyst Ali Martinez shared that SUI has now returned to a bullish structure on the weekly chart. He noted that the token is forming a higher low – often the first sign of an impending trend reversal.
The last time SUI touched the bottom of the same price channel, the token recorded a rally of 1,060%. If the pattern repeats itself, Martinez estimates that SUI’s price has the potential to surge up to $20, which is an increase of more than 860% from its current level.
For now, SUI is trading at around $1.81, down about 10%. However, analysts think this drop is likely just part of a larger price structure forming and underlying a potential subsequent resurgence.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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