SUI/USDT Consolidation Update

Current Price: $1.4813 (-0.84%)

Predicted Target: $1.5769

SUI is showing signs of consolidation as it hovers near its middle Bollinger Band, indicating potential sideways movement before a breakout. The RSI at 51.59 confirms a neutral stance, while the MACD at -0.0035 suggests weak momentum—watch for a crossover that could signal the next move.

Key Levels:

Breakout Point: $1.5188 (potential to reach $1.5769)

Support Level: $1.4323 (possible pullback if volume declines)

Fundamentals:

Strong trading volume reflects rising interest in Layer 1 and Layer 2 solutions, though no significant news is currently driving momentum.

Stay alert for market sentiment shifts and emerging news that could impact SUI’s trajectory!

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