The crypto market today has been under pressure after a sharp 5.2% drop, and Bitcoin slipping below $97,000 has only added to the fear. But in the middle of all, one coin is suddenly grabbing all the attention, SUI.
According to the well-known crypto trader Michael van de Poppe, SUI price might be setting up for a massive comeback, the same zone that triggered huge rallies in the past, with some traders even eyeing a move toward $20.
Crypto trader Michael van de Poppe shared a new weekly chart showing SUI sitting right on top of a major long-term support area, calling it a classic setup for a strong reversal.
According to him, the token is trading far below its 20-week moving average, leaving a wide gap that suggests SUI may be significantly undervalued.
He also pointed out that the last time SUI showed a similar setup, back in March and April 2025, it delivered more than 100% gains right after touching these levels.
Based on his chart, he added two important upside targets if SUI begins to recover,
- First target zone: around $2.70–$2.90
- Second target zone: near $3.27
These levels mark SUI’s next major resistance points, and breaking above them could confirm a stronger trend reversal.
Beyond the chart patterns, what excites analysts the most is SUI’s growing ecosystem. The network has been expanding steadily in the Web3 and DeFi space, but the recent launch of USDSui, a fiat-backed stablecoin issued by Stablecoin, a Stripe company, has drawn attention to a new level.
Van de Poppe said his visit to New York Blockchain Week made it clear that institutional appetite is increasingly centered around stablecoins, especially after new regulatory clarity under the Genius Act.
With SUI becoming a stronger player in that area, many analysts believe this could push long-term demand upward.
Supporting Van de Poppe’s call, crypto analyst Ali Martinez shared that SUI has finally 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 upcoming reversal.
The last time SUI touched the bottom of this same price channel, it went on to rally 1,060%. If the pattern repeats, Martinez believes SUI could jump as high as $20, an increase of more than 860%.
For now, SUI is trading around $1.81 , reflecting a drop of 10%, but analysts say this dip may simply be part of a larger setup forming beneath the surface.
