SUI Flashes a Key Macro Signal: Has the Bull Market Begun?

Despite the recent pullback, many market observers believe the asset is gearing up for a strong rally. Just a few days ago, SUI crossed the $1 psychological level and surged to a four-month high of $1.05. Bears then stepped in and pushed the price down to $0.95 (per CoinGecko), but according to popular analyst Ali Martinez, the bull market has already begun. Why So? The X user said that after an 83% drop during the bear market, SUI has flashed one of its most important macro bullish signals. Specifically, the Parabolic SAR dots have flipped below price on the weekly chart, indicating a shift from a downtrend into a new uptrend. “The indicator is designed to identify trend direction and potential reversals, with dots below the price signaling bullish momentum. After such a deep correction, this weekly flip suggests that SUI has finally entered a new bull market,” the analyst claimed. This isn’t the first time Martinez has touched on the asset this month. Several days ago, he outlined three key reasons why the price can soon reach $1.40. Some of those include the Tom DeMark Sequential, which printed a 13th buy signal in late July, and the SuperTrend indicator, which also flipped to “...