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SUI Holds Strong at $2.00 as Bulls Counter Bearish Trends

SUI Holds Strong at $2.00 as Bulls Counter Bearish Trends

Author:

Global Cryptocurrency

Published:

2025-11-07 07:50:39

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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN] SUI News -

Sui (SUI) shows resilience with a 0.56% rebound to $2.02, despite a 14% weekly drop. Trading volume increased 2.5% to $1.05 billion as the crypto held the key $2.00 support level. The recovery follows a double-bottom pattern at $1.95, where oversold RSI conditions triggered algorithmic buying and short covering.

Network fundamentals improved with the Mysticeti v2 upgrade, boosting speed and scalability. However, technical challenges remain—SUI trades below major moving averages, including the $2.16 7-day SMA and $3.19 200-day EMA. While MACD indicates weakening bearish momentum, sustained gains require breaking these resistance levels.

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