📈 🚀 SUI Hits All-Time High, But Weakening Trend Halts $4 Breakout

🚀 SUI Hits New All-Time High
SUI has surged nearly 74% in the past month, reaching a new all-time high. This impressive run reflects growing adoption and market activity, cementing its position as a strong contender in the crypto space.

📊 SUI TVL Breaks Records
SUI’s Total Value Locked (TVL) hit a peak of $1.65 billion on November 15 before stabilizing at $1.62 billion. This marks significant growth from $900 million on October 28, demonstrating its ability to attract capital. However, the slight dip signals a cooling phase after rapid growth.

📉 Weakened Uptrend
SUI’s Average Directional Index (ADX) has dropped to 18 from over 30 just two days ago, indicating weakening momentum. ADX values below 20 suggest a lack of trend strength, raising the possibility of consolidation or pullbacks in the near term.

💡 Price Prediction: $4 Breakout or Pullback?
If momentum rebounds, SUI could test resistance at $3.94 and aim for $4, signaling renewed bullish activity. However, a reversal might push the price toward its $3.1 support, with a failure to hold potentially triggering a 39% correction to $2.2.

⚠️ Conclusion
While SUI’s rally has been impressive, weakening momentum and market sentiment could influence its next move. Traders should monitor key levels and prepare for either a breakout or a potential pullback.