SUI, the native coin of the layer-1 blockchain Sui Network is showing 2 key bullish indicators that have the bulls excited. In an X post on Monday, crypto trader Michael van de Poppe explained why he feels SUI could be the next digital asset to enter his investment portfolio.
SUI shows bullish signs on weekly chart
In his x post, Poppe shared the following SUI weekly chart which shows the cryptocurrency displaying 2 bullish divergences – on the moving average convergence divergence (MACD) and the relative strength index (RSI).
A weekly MACD bullish divergence occurs when price keeps making lower lows – or stays weak – while the MACD indicator forms higher lows, suggesting that downside momentum is weakening. On a weekly timeframe, this is considered a stronger signal, because it reflects a long-term trend reversal instead of just a short-term bounce.
In the same vein, a weekly RSI bullish divergence happens when price makes lower lows – or continues trending down – while the RSI forms higher lows, indicating that selling momentum is weakening even though price is still falling.
Since SUI is forming a potential weekly divergence on both the aforementioned indicators, there’s a high possibility that the cryptocurrency could soon enter into a bullish reversal phase.
As of Monday, SUI is trading around $0.70, commanding a market cap of just above $2.83 billion. The coin is down 86.8 percent from its all-time high of $5.35, recorded back in January 2025.
Fellow crypto trader Winner_XBT echoed Poppe’s thoughts. The trader remarked that SUI is currently trading in a “golden buy zone” and trying to dollar-cost-average the cryptocurrency could be a good idea.
Declining TVL, token unlocks could pose problem
While on the chart SUI looks bottomed and ready for a bullish move, on-chain metrics show a different picture. According to data from DefiLlama, Sui’s total value locked (TVL) has been on a prolonged decline, falling from $2.63 billion in October 2025 to $411 million as of Monday (June 29).
Similarly, between June 29 and July 5, SUI is scheduled to undergo an unlock of roughly $9.3 million worth of tokens – accounting for nearly 0.34 percent of the current circulating supply.
The token unlock will introduce around 13.72 million SUI coins in the market, creating potential downward pressure on its price if demand doesn’t keep up.
