📈 SUI shows signs of a rebound, attempting to recover after a downturn. A strong bounce from support fuels optimism, but resistance at $4.00–$4.50 will decide if it surges past $5 or faces another pullback.
🔍 Analyst Predicts $6.5 Target
SUI bounced off MA100 and hit its lowest RSI since August 2024, signaling a reset. If buyers step in, $6.5 could be the next target, aligning with Fibonacci levels.
📊 Will SUI Soar or Sink?
Currently trading at $3.67 (-1.37%), SUI sits above critical support at $3.65. The MACD histogram signals bearish momentum, while RSI at 34 hints at oversold conditions.
Break below $3.65 → Drop to $3.00
Reclaim $4.00 → Targets $4.50 & $5.00
🔥 Sui’s TVL Hits $1.639B
Sui’s DeFi ecosystem is booming, reflecting increased adoption and dApp growth. TVL has surged throughout 2024, reinforcing strong market trust.
💡 A breakout above $5 confirms bullish momentum, while failure risks renewed selling pressure.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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