SUI remains about 85% below its previous high as analysts point to a widening gap between the token’s price and the growth of its ecosystem. Michael van de Poppe cited zero-fee stablecoin transactions, a rising number of applications, increased foundation buybacks and bullish technical divergences as factors supporting his assessment.

Van de Poppe said SUI’s technology could support the agentic economy through zero-fee stablecoin transfers. He argued that AI agents may conduct frequent microtransactions, making low transaction costs and fast scaling important. According to the analyst, SUI has already addressed the need for greater transaction capacity.

He also reported that foundation buybacks have increased weekly, with 600,000 SUI purchased so far. In addition, Van de Poppe said activity across SUI’s decentralized finance ecosystem has begun to increase. He noted that few networks have released as many applications over the past six months.

Bullish Divergences Across Multiple Timeframes

Van de Poppe identified bullish RSI and MACD divergences across several SUI trading pairs and timeframes. The weekly RSI and MACD show divergences on the SUI/USD pair, while the same indicators also show bullish divergences on the three-day dollar pair.

Both indicators additionally display weekly and three-day divergences against Bitcoin. Van de Poppe said similar setups have appeared before periods of accumulation and subsequent breakouts. In his view, price can move before the broader market narrative changes. He did not, however, provide a specific SUI price target based on these technical formations.

Analysts Identify $0.71-$0.85 Levels

Ali Charts said SUI appears to be trading within a channel and approaching its lower boundary near $0.71. He identified that area as potential support and placed the channel’s upper boundary near $0.84.

Crypto With Gopal separately identified a double-bottom formation around $0.72-$0.73, saying buyers had defended that zone twice. Analysts Ali Charts and Crypto With Gopal both identified support levels between $0.71 and $0.73.

According to Gopal, a move above the $0.84-$0.85 resistance range could open a path toward $1.00. That assessment followed the reported defense of the lower support zone. The identified levels place the $0.71-$0.73 area as the key support range, while a breakout above $0.84-$0.85 is being monitored in relation to the $1 target. These levels are the specific areas analysts are watching as SUI’s ecosystem developments and technical signals are assessed together.

Van de Poppe’s comments on SUI’s ecosystem and technical indicators were published on X: https://x.com/CryptoMichNL/status/2098388592620106099?s=20