Sui (SUI) is capturing attention with a notable increase in trading volume, suggesting a possible breakout on the horizon. Currently trading at $3.31, SUI has experienced a 0.30% uptick in the last 24 hours, accompanied by a substantial 24-hour trading volume of $659 million .
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๐ Technical Snapshot
Support Level: SUI has found support at the 50-day Simple Moving Average (SMA), indicating buyer interest at lower levels .
Resistance Zone: The immediate resistance lies between $3.90 and $4.25. A successful breach above this zone could pave the way for further gains.
Volume Indicator: The recent surge in trading volume suggests increased market participation, often a precursor to significant price movements.
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๐ฎ Price Forecast
Analysts project that SUI could reach a maximum of $3.21 by October 2025, with potential dips to $2.37 . Another forecast anticipates SUI trading between $14.5 and $16 in November 2025, marking a significant milestone in its upward trajectory .
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๐ง Trading Strategy
Bullish Scenario: If SUI breaks above the $3.90โ$4.25 resistance zone with strong volume, it could signal a continuation of the upward trend.
Bearish Scenario: Failure to surpass the resistance may lead to a pullback towards the $2.86 support level.
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โ ๏ธ Risk Management
Given the volatile nature of the cryptocurrency market, it's crucial to employ proper risk management strategies. Always set stop-loss orders and only invest what you can afford to lose.
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๎จ1761-0๎จ Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.*๎จ *