$SUI

🚨 Sui Coin price prediction 🚨

SUI $3.60has been facing resistance near $3.90, but the shallow pullback suggests that the bulls are in no hurry to dump their positions.

If the price stays above the 38.2% Fibonacci retracement level of $3.14, the bulls will make another attempt to shove the SUI/USDT pair above $3.90. If they can pull it off, the pair may skyrocket to $4.25 and then to $5.

Contrary to this assumption, if the price turns down and breaks below $3.14, it signals the start of a deeper correction toward the 50% retracement level of $2.94. Buyers are expected to fiercely defend the zone between $2.94 and the 20-day EMA ($2.69).

The 4-hour chart shows that the pair is finding support at the 20-EMA, but the sellers are active at higher levels. The bears will again attempt to sink the pair below the 20-EMA. If they succeed, the pair could slump to $3.14.

Buyers will have to swiftly push the price above the $3.81 to $3.90 overhead resistance zone if they want to retain the advantage. If they do that, the pair could start the next leg of the up move to $4.25

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