๐ Is a $SUI /USDT Rally Brewing? Chart Suggests Potential Upside Toward $3.60
$SUI is currently trading around $3.18, down 3.57% in the last 24 hours. Despite recent market weakness, price action has stayed within a sideways range, showing no clear breakout yet. However, technical indicators now point to a potential move higher.
๐ On the 4-hour chart, SUI appears to be holding near key support around $3.15. If it maintains this level, the price could climb toward the upper resistance zone near $3.40, and possibly test a broader target at $3.60. A successful breakout may even open the way to $3.80, depending on market strength.
๐ป On the flip side, if SUI breaks below $3.15, the next support is seen near $3.00, which could trigger a deeper correction.
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๐ SUI Market Snapshot:
Current Price: $3.18
24h Change: -3.57%
24h High: $3.3410
24h Low: $3.1591
24h Volume (SUI): 31.53M
24h Volume (USDT): $103.02M
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๐ง Analyst Insight:
Although volume is showing signs of cooling down (Vol: 593,563 SUI), the price is still above the 10-period moving average, suggesting buyers are defending key levels. A confirmed rebound from current support could bring back bullish momentum in the short term.
SUI previously peaked at $5.35, and if broader market sentiment improves, this dip could present a long-term buying opportunity. Keep an eye on any updates regarding ETF developments or institutional interest, which could act as major catalysts.
Buy and Trade Here on $SUI
