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SUI Price Demonstrates Strength as Death Cross Nears Completion
SUI Price Demonstrates Strength as Death Cross Nears Completion
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
SUI’s market trajectory remains bullish despite recent volatility, with key technical indicators suggesting an impending reversal of its seven-week death cross. The 50-day EMA’s approach toward the 200-day EMA signals a potential golden cross formation—a classic bullish pattern that historically precedes sustained upward momentum.
On-chain metrics reinforce this technical outlook, framing the recent price drop as a healthy consolidation after SUI’s 70% rally earlier this year. Market participants appear to be positioning for renewed upside, with the RSI’s recent breach of overbought territory failing to deter accumulation.
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