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Technical Analysis
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SUI Defies Token Unlock Pressure, Breaks $4 Barrier With All-Time High in Sight
Published May 09, 2025 | 11:32 AM UTC18 hours ago

By Victor Olanrewaju
Edited by Ryan James

SUI spikes after breaking out of bullish pennant. Key indicators suggest altcoin could retest $5 soon.
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Key Takeaways
SUI’s price doubled in the past week, briefly retesting $4 for the first time since February, despite a recent token unlock
Instead of declining, demand absorbed the supply, pushing SUI to break out of a bullish pennant and hit multi-month highs.
A bullish MACD crossover and strong support from the Supertrend indicator suggest the SUI uptrend could continue.
