📉$SUI SUI/USDT Update: Testing Resistance Near $4.92

The SUI/USDT pair has bounced from its recent low of $4.3853, climbing steadily to test the $4.92 resistance level. However, the price is currently consolidating near $4.82, below the 99-hour EMA.

Market Observations

EMA Trends: The 7-hour EMA is showing signs of bullish momentum but needs confirmation with a breakout above the 99-hour EMA at $4.85.

Volume Surge: With a 24h trading volume of $425.11M, SUI is gaining traction, signaling potential market interest.

Resistance Zone: A break above $4.92 could propel SUI towards $5.20+, while failure to sustain above $4.80 might see retests of $4.60 or lower.

What’s Next?

📈 If buyers take control, $4.92 is the key level to watch for a breakout.

📉 If bearish pressure persists, $4.60 and $4.38 are potential downside targets.

⚡ Trade SUI now on Binance and capitalize on these critical moves!

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