Famous analyst reveals his favorite altcoin: “It can rally in corrections!”

Michaël Van de Poppe, known for his cryptocurrency analyses, made striking statements for the popular altcoin $SUI .

The popular altcoin, which has gained 105 percent in the last two weeks, is currently trading just below its peak. Crypto analyst Michaël Van de Poppe described #SUI as the best altcoin to be evaluated in Bitcoin's declines. The Open Position (OI) in SUI's futures, which has been on the agenda with its relentless rise, renewed its peak with $ 826 million.

SUI's macro momentum finds support in the Chaikin Money Flow (CMF) indicator. CMF is currently well above the typical return range of 0.20 to 0.30, indicating investors' interest in the token. Historically, selling pressure may increase when CMF reaches these levels, but the current situation suggests that the positive trend in SUI may continue.

SUI is currently trading at $3.79, just below its $3.94 ATH reached over the weekend. The popular altcoin’s impressive 105% rally in a short period of time has given strong signals for a bull season.

If the factors mentioned above and the current crypto trend continue, SUI could target $5. This level could act as resistance, especially from a psychological perspective. With the positive progress of the cryptocurrency market and the decline of BTC dominance, SUI could target higher levels. With the rise in SUI, it is expected that money will flow into the ecosystem. HIPPO, BLUB and FUD in the network could come to the forefront during this process.

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