SUI is approaching a key technical area after a sharp recovery from its September lows, with crypto analyst Ali Charts identifying three separate indicators that could support a further move higher. His analysis places a potential target at $1.40 if the bullish setup continues to develop.
The latest signal comes as SUI has recovered significantly from the levels seen earlier this month. CoinGecko data shows SUI closing at about $0.897 on September 20, after ending September 15 near $0.686, while September 21 trading pushed the token above $0.90.
Three Technical Signals Point to SUI Recovery
According to Ali Charts, the first bullish signal appeared in late July when the Tom DeMark Sequential indicator produced a 13 buy signal on SUI’s weekly chart. He says the token has gained about 45% since that signal, suggesting the initial reversal setup was followed by a substantial recovery.
The Tom DeMark Sequential is designed to identify potential exhaustion in an existing trend and possible reversal points. A 13 buy setup does not guarantee that a bottom is in place, but traders often use it as an indication that selling pressure may be approaching exhaustion.
Ali Charts says the second signal has now appeared through the SuperTrend indicator. The indicator has flipped to a buy signal in his analysis, adding another trend-based confirmation to the earlier DeMark signal.
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SuperTrend is commonly used to identify the prevailing direction of price and potential support or resistance levels. Its signal can change as volatility and price movement evolve, meaning the latest reading can also reverse if SUI loses sufficient momentum.
The third signal could come from the Parabolic SAR. Ali Charts says SUI would need to move above $0.98 for the indicator’s dots to shift below price, which would provide another technical confirmation of an uptrend.
The $0.98 level therefore becomes an important reference point in the analyst’s setup. A move through that area would not automatically establish a sustained rally, but according to Ali Charts, it could strengthen the case that SUI has shifted from a bearish phase toward a broader bullish trend.
SUI Price Faces a Test Above $0.98
SUI’s recent price action provides some context for the technical argument. CoinCheckup data shows the token moving from a September 15 close around $0.687 to approximately $0.898 by September 20, while September 21 trading reached roughly $0.96 during the session.
That recovery has also been accompanied by substantial trading activity. CoinGecko recorded more than $1 billion in SUI trading volume on September 20, while market capitalization increased from roughly $2.95 billion on September 15 to about $3.51 billion on September 20.
Still, not every technical measure is pointing in the same direction. CoinLore’s September 19 analysis rated SUI’s daily technical picture as neutral, with price above the 50-period EMA but below the 200-period EMA and its SuperTrend reading still classified as bearish on that timeframe.
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This difference highlights why Ali Charts’ $1.40 target should be treated as a technical scenario rather than a guaranteed destination. Different indicators can produce different readings depending on timeframe, settings and the speed of the underlying price move.
If SUI does clear $0.98 and the Parabolic SAR confirms the move, traders following Ali Charts’ analysis may watch whether the token can establish higher lows while maintaining the broader recovery. Failure to hold the breakout area could instead leave the recent move vulnerable to a pullback.
The next major question is whether the current recovery can develop into the broader trend reversal described by Ali Charts. His $1.40 target represents a potential upside level from the technical setup, while the $0.98 threshold is the more immediate confirmation point. For SUI holders and traders, the interaction between these levels and actual price momentum will determine whether the three-signal setup continues to develop.
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