🟣 SUI Update: Riding the Waves 🌊
SUI is currently trading around $2.74, down modestly—reflecting recent consolidation after a strong rally from ~$1.70 to over $4.30 in June . Despite a bearish tilt short-term, key support holds near $2.76–2.80, suggesting downside is limited .
What’s next?
Indicators remain mixed: RSI ~38, MACD neutral — pointing to a potential bounce toward the $3.00–3.30 zone .
If bulls regain control, a breakout past $3.30 could open the path to $4+, near recent highs .
Mid‑term outlook: Fundamentals are strong—TVL above $2B, ecosystem growth, network upgrades—supporting a cautiously bullish view toward $3.80–5 by end‑June .
Takeaway for holders:
Don’t panic—support remains solid.
Use dips in the $2.70–2.80 range to dollar-cost average.
Watch $3.30 as a key resistance pivot: a clean break could relaunch the rally.
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