🚨$SUI SUI/USDT Market Update: Consolidation Phase After High Volatility 🚨

Current Price: $4.1158

24H Change: -0.60% 📉

24H High: $4.2800

24H Low: $4.1100

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📊 Market Analysis

SUI continues to trade in a narrow range after testing $4.2800 resistance earlier today. The price is consolidating near the $4.11 support, with short-term bearish pressure visible in the charts.

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🛠️ Key Levels to Monitor

Immediate Resistance: $4.1800 – Breaking this level could lead to a retest of $4.2800.

Support Zone: $4.0738 – Holding this level is critical for the bulls to maintain upward momentum.

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💡 Trading Strategies

Scalp Entries: Look for buy entries near $4.0738, aiming for quick profits toward $4.1800.

Breakout Strategy: Wait for confirmation above $4.2800 to target $4.3500.

Risk Management: Tight stop-loss below $4.0700 to mitigate downside risks.

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🚀 Layer 1 Strength

SUI continues to gain traction as a promising Layer 1 protocol. While short-term price action shows consolidation, its long-term potential remains strong for patient investors.

Stay tuned for further updates as SUI inches toward its next breakout move!

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