SUI Targets $5 Breakout Following Strong Consolidation
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
SUI has shown impressive resilience, rallying 120% from its April low of $1.76 to reclaim key psychological levels at $2.00 and $3.00. The token now faces a crucial test at the $4.00 resistance level, which has limited gains for seven straight trading sessions.
Market analysts highlight the cryptocurrency’s 85% monthly gain occurred despite recent token unlocks—typically a bearish catalyst. The current consolidation between $3.60-$4.10 suggests accumulation before potential upward momentum. Technical indicators point to $5.00 as the next logical target, which WOULD mark a retest of all-time highs.
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