SUI Coin Update:
SUI Coin has successfully broken the resistance level at $2.07, and is now testing this level again, which presents us with two possible scenarios:
1. Scenario 1: If the price cannot hold above $2.07, we may witness a drop to $1.8. This decline comes as a result of the release of 81 million SUI coins, which may affect the balance between supply and demand. However, if the price stabilizes and successfully retests the resistance level of $2.07, we may see a rise to $2.5, and even $3.0.
2. Scenario 2: If the price manages to break the resistance level at $2.5 and continue above it, this may be a strong signal to continue rising towards the targets of $3 and more, without being affected by the release of 81 million SUI coins.
I believe in the power of SUI Coin and its future potential, but flexible trading strategies should always be adopted. Do not fall into the trap of emotional attachment to any coin; set your targets and take profits when you reach a level that satisfies you Sell.
We entered this currency at $0.7 and $0.8 levels, and we are still following its development.
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Good luck to everyone 😘
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