SUI Eyes $3.60 Breakout Following 20% Weekly Rally
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
Sui (SUI) has rallied 20% over the past week, advancing from $2.94 to $3.24 alongside increasing trading volume and bullish technical formations. The cryptocurrency now faces a crucial resistance test at $3.60, with a symmetrical triangle pattern signaling potential upward momentum.
Key Fibonacci levels show strong support at $3.18, while $2.82 and $2.60 provide important downside protection. Market conditions improved after tBTC's launch on sui and Grayscale's positive technical assessment of the network.
Daily trading volume surged to $1.92 billion as prices ROSE 8.7%. Market analysts suggest a confirmed breakout above $3.60 could accelerate gains, with current price action reflecting ongoing contention between bullish and bearish forces.
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