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SUI Forms Bullish Falling Wedge, Eyes $11.50 Target Amid Altcoin Resurgence
SUI Forms Bullish Falling Wedge, Eyes $11.50 Target Amid Altcoin Resurgence
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
SUI, one of crypto's fastest-growing altcoins, is gaining traction as technical analysts spot a bullish falling wedge pattern. Currently trading at $2.92, Elliott Wave theory indicates an emerging fifth impulse wave that could propel prices toward the $11.50 resistance level.
Despite market volatility, sui has consistently established higher price floors over the past 12 months. The current consolidation phase mirrors historical patterns where corrective periods preceded major rallies.
The falling wedge formation—a reliable bullish continuation pattern—typically breaks upward. This technical setup aligns with growing altcoin investor confidence, positioning SUI for potential outperformance in the coming weeks.
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