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SUI Surges 11%: Bullish Breakout Targets $3.89 as Altcoin Leads Market Rally
SUI Surges 11%: Bullish Breakout Targets $3.89 as Altcoin Leads Market Rally
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
SUI, the native token of the sui Network, is spearheading the altcoin market's rebound with a confirmed breakout from an inverse head-and-shoulders pattern—a classic bullish reversal signal. Currently trading at $3.48, SUI has surged 11% in the past 24 hours, driven by a rebound from the 20-day EMA ($2.92) and a decisive break above the 50-day SMA ($3.08).
Technical indicators highlight the growing momentum. The RSI's rise above 50 reflects increasing buying pressure, while the ascending EMA slope signals strengthening short-term trends. Analysts anticipate an initial test of $3.55 as interim resistance before targeting the $3.89 level.
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