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SUI Coin Experiences Profit-Taking Dip Following Strong April Performance
SUI Coin Experiences Profit-Taking Dip Following Strong April Performance
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
SUI coin, one of April’s standout performers with a 124% surge, has faced selling pressure in May as traders secure profits. The cryptocurrency reached a peak of $3.87 on April 28 before declining 13% to $3.26 at current reporting.
Market analysis indicates this retracement is typical profit-taking after a significant rally rather than a sign of underlying weakness. As SUI’s price action cools, the network’s fundamentals remain untested, with traders potentially shifting capital to other altcoins.
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