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SUI’s $4.20 Price Target Sparks Debate Despite Bearish Technicals
SUI’s $4.20 Price Target Sparks Debate Despite Bearish Technicals
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
A bullish tweet forecasting SUI’s rise to $4.20 has fueled trader conversations, even as technical indicators suggest caution. The cryptocurrency remains in a downtrend, characterized by lower highs and lows, despite recent sideways trading.
Weak momentum is evident in RSI and MACD readings, while the price hovering NEAR the lower Bollinger Band indicates potential undervaluation rather than an immediate reversal. The tightening Bollinger Bands signal upcoming volatility—bulls will require sustained volume and confirmation to challenge the current bearish trend structure.
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