$SUI /USDT: Significant Recovery and Bullish Rebound! 🚀
📊 Current Price: $4.5620
📈 24H Range: $3.4920 - $4.6193
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Market Overview:
SUI is showcasing a remarkable recovery from the low of $3.4920, marking over a 10% gain in the last 24 hours. This rebound indicates a strong buying interest, with a potential to test higher resistance zones.
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Key Levels to Watch:
Resistance: $4.9600 (recent high), $5.0334 (psychological level).
Support: $4.35 (near-term), $3.95 (critical).
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Technical Insights:
Volume: Increasing trading volume confirms growing market participation and buying power.
Moving Averages: Price is trending above both MA(5) and MA(10), signaling continued bullish momentum.
MACD: Positive divergence with upward movement supports potential for further gains.
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Trading Strategy:
Entry Zone: $4.50 - $4.60 to capitalize on continued strength.
Targets: $4.96 (short-term), $5.20 (next major target).
Stop Loss: Below $4.35 to protect against downside risk.
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Market Sentiment:
The strong rebound positions SUI for further gains, especially with consistent volume support. A breakout above $4.96 could pave the way for higher highs, drawing attention from traders.
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🔔 Stay updated for further developments on SUI/USDT!
#SUI #CryptoSignals #Binance #Layer1 #MarketCorrectionBuyOrHODL?
