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SUI Breaks Through Critical Technical Resistance as Trading Volume Surges
SUI Breaks Through Critical Technical Resistance as Trading Volume Surges
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
SUI's price surge has decisively cleared the 20-day moving average, indicating strong upside potential. Technical momentum remains robust with the Relative Strength Index approaching overbought territory—a note of caution for short-term positions. The MACD histogram confirms accelerating bullish momentum, supported by increasing trading volume that validates broad market participation.
Technical analysts identify a completed falling wedge breakout, projecting a $3.20 price target if current support levels hold. With a 9.69% weekly gain demonstrating growing market confidence, maintaining position above key moving averages becomes crucial for sustaining the current trend.
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