SUI has lost a multi-year trendline on the weekly chart despite many ongoing on-chain developments. Despite the token losing a major support level, analyst Michael wants to accumulate more SUI, as the current valuation is far less than SUI’s actual value.
SUI loses multi-year trendline
SUI lost a major support line during the course of the month, and it is currently priced at $0.75. This trendline shown in the chart below has been acting like a trampoline during the past 3 years. And a single time a sell-off overwhelmed SUI, the buyers were waiting to enter the market at this level.
However, the token has now decisively broken below this long-term support, signaling a potential shift in market structure. Unless SUI quickly reclaims the trendline, what was once a reliable demand zone could turn into resistance, increasing the risk of a deeper correction as investor sentiment weakens and sellers maintain control.
SUI crashes despite securing data, privacy and capital markets
What’s more surprising is that SUI broke below this level despite the network securing data privacy, scaling decentralized capital markets, and welcoming new cohorts to network development pipelines.
SUI’s optimism growing on daily charts
Although the weekly chart may look bearish, the daily chart shows some signs of improvement. What’s that? SUI is currently making the Adam and Eve pattern, which is a bullish sign. The Adam and Eve pattern is a reversal formation that often signals the end of a downtrend and the beginning of a new bullish trend. It starts with the Adam bottom, a sharp V-shaped low created by panic selling followed by an equally rapid recovery, indicating that sellers may have exhausted their momentum.
This is followed by the Eve bottom, a broader and more rounded U-shaped low, which reflects a period of gradual accumulation as buyers steadily absorb selling pressure. The pattern is confirmed when the price breaks above the neckline—the resistance level formed between the two lows—often accompanied by higher trading volume. This breakout suggests that buyers have regained control of the market and that a sustained upward move could follow.
Analyst plans to accumulate SUI as the market overstretches
As such, Michael van de Poppe, a crypto analyst, has ideas of accumulating more SUI as the current value does not do justice to the underlying value of SUI. Pointing out some partnerships and developments, the analyst substantiated that SUI is capable of appreciating.
In addition to this, the analyst mentioned that although the SUI price made a new low, the relative strength index indicator and the MACD have not moved. This shows that the market is overstretched, and there could be a reversal coming soon.
