$SUI đSlight decline and support test: The SUI experienced a retraction of approximately 2% after reaching a daily peak of $4.08, consolidating in the range of $3.85â$3.90 as potential support.
âłShort-term technical potential: Binance analysts highlight a bullish flag setup on the 1-hour chart, with an ideal entry zone between $3.89â$3.95 and projected targets of $4.04, $4.18, and $4.30 (SL: $3.80).
đKey resistance above $4: Staying above $4.00 is considered critical for validating the next high towards $4.65â$5.00.
âïž Overview and trends
Medium-term outlook: The SUI is in an upward trend, with a gain of +17% in the last week and +33â40% in the last month.
â What is driving it: The growing adoption of the Layer-1 network, intense activity in DeFi, support from major VCs (such as a16z, Binance Labs), and continued development at the Sui Foundation and DeepBook platform.
đšRisk factors: High volatility, with normal corrections after recent highs (~$5.35). Technical patterns indicate close attention to $4 as a trigger for potential upward moves.
â Conclusion:
Today the SUI is priced around $4.02â$4.08, with slight appreciation and consolidating below the psychological resistance of $4.20â$4.30. Binance analysts suggest an entry area between $3.90â$4.00 for targets in the range of $4.18â4.30, with a stop near $3.80. A break above $4.00 with volume may signal a resumption of upward movement towards levels near $5.
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