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Technical Analysis of $SUI/USDT

SUI/USDT is trading within an ascending channel,

while maintaining its bullish structure.

The main targets for this rise are:

$5.7110: Initial target based on the channel midpoint.

$6.8002: Minor resistance in line with Fibonacci projections.

$7.7398: Final target at the upper boundary of the channel,

which indicates

73.48.% uptrend.

The current price of 4.6861 D indicates the possibility of continuation,

with a stop loss recommendation below 3.8959 to manage risks

effectively.

A breakout and consolidation above the current resistance area may

stimulate further bullish momentum towards the specified targets.

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$SUI