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SUI Price Analysis: Bulls Eye $3.20 After Clearing $2.85 Resistance

SUI Price Analysis: Bulls Eye $3.20 After Clearing $2.85 Resistance

Published:
2025-07-08 09:57:17
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -

Sui (SUI) has decisively broken through the $2.85 resistance level, with market analysts now targeting $3.20 as the next upside objective. The cryptocurrency's strong rebound from $2.29 support and sustained consolidation above key moving averages indicates a bullish technical structure, though weakening momentum warns of potential volatility ahead.

Technical indicators suggest an impending breakout, with the 10 and 30-period moving averages showing flattening patterns. Prominent crypto analyst @the_wolf_mind highlights the current low-volatility compression near $2.90, noting this pattern typically precedes significant price movements. Traders remain divided between accumulation opportunities and concerns about a possible bull trap formation.

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