$SUI /USDT: A Solid Uptrend with Potential for More Gains 🚀
$SUI (Sui Network) is trading at $4.58, showing a solid +5.35% increase over the past 24 hours. This Layer 1 blockchain has been gaining traction, with a promising upside move following recent support levels.
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Key Metrics:
24h High: $4.7739
24h Low: $4.2530
24h Volume (
$SUI ): 102.40M
24h Volume (USDT): $465.74M
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Market Overview:
SUI has been moving steadily upward, with bullish momentum continuing as it holds above the $4.50 mark. The increased trading volume suggests active interest from both retail and institutional traders. If this trend continues, SUI might test the $4.75 resistance soon.
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Support and Resistance Levels:
Support Levels: $4.50 and $4.30
Resistance Levels: $4.75 and $5.00
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Trading Strategy:
1. Entry Point: Look for a retracement towards $4.50 for a potential entry.
2. Target Levels: A breakout above $4.75 could push the price towards $5.00.
3. Risk Management: Set a stop-loss below $4.30 to safeguard against potential downturns.
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SUI’s Future Outlook
SUI has been making impressive strides within the Layer 1 blockchain space. As it establishes its position, it’s set to benefit from growing adoption. With positive price action, the next few days could bring more upside potential.
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