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 momentumâwatch 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 SUIâs trajectory!
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