SUI: $4.23 or $3.37, where will the token price go?

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The SUI (Sui) token has recently seen a certain rebound, with the price rising over 5% in the past 24 hours, currently trading at $4.23, with a market cap exceeding $12.38 billion. However, this upward trend may face challenges, especially in the context of declining trading volume and reduced social activity, which are often signs of weakening market sentiment.

Famous analyst Ali Martinez points out that on the dYdX platform, 77% of traders are betting on SUI's price increase, providing a bullish signal for the market. But at the same time, declining trading volume may suggest bearish pressure on the rebound, especially as market sentiment cools.

If SUI can maintain its current price level or continue to break through resistance levels, it may attract more investors to push for further increases. However, if the price fails to stay above $4.23 and shows a downward trend, it may fall back to around $3.37.

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