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SUI Defends Critical $3.30 Support Amid Mixed Signals, Eyes Potential Rebound
SUI Defends Critical $3.30 Support Amid Mixed Signals, Eyes Potential Rebound
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
SUI demonstrates resilience at the $3.30 support level despite conflicting market signals, posting a 3.18% gain to $3.45. However, declining trading volume indicates cautious trader participation. Technical analysis presents mixed signals—a bearish MACD crossover contrasts with Fibonacci retracement patterns suggesting possible upside potential.
The market structure remains unclear, with the weekly chart forming a doji candle reflecting indecision. Analysts highlight the 50% Fibonacci level as a potential launchpad for bullish momentum, contingent on a weekly close above $3.580. Key resistance zones cluster between $3.62-$3.86, while failure to maintain current support could confirm the recent 10.31% weekly decline.
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