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SUI Primed for Bullish Breakout as Technicals Signal Accumulation Phase

SUI Primed for Bullish Breakout as Technicals Signal Accumulation Phase

Published:
2025-06-05 12:44:15
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -

Sui's layer-1 blockchain has emerged as a top performer in 2024, delivering 432% gains before stabilizing at $3.25—a 15% pullback from recent highs. The token is showing signs of accumulation, currently testing the upper boundary of a descending wedge pattern while maintaining strong support at $3.10.

Analysts note SUI's resilience during recent market corrections, with its developer-friendly architecture positioning it alongside leaders like Hyperliquid for potential dominance in the next cycle. Traders are watching for confirmation of bullish momentum as the token approaches untested resistance levels.

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