CandleFocus SUI Bulls Look to Shake Off FUD, Set Sights on 20% Rally
2024-10-17
Author: Content Editor
The cryptocurrency SUI recently reached an all-time high of $2.36 but has faced Fear, Uncertainty, and Doubt (FUD) due to rumors of a $400 million insider sell-off. Despite this setback, market investors believe SUI will rebound and break resistance levels again. The Funding Rate has returned to positive territory, indicating a bullish sentiment, and the Balance of Power (BoP) suggests that buyers are outpacing sellers. SUI has solid support at $2.05, and if bears do not pull the price back, it could surpass $2.36 and potentially reach $2.55. However, if holders cash out, the price could decline to $2.05 or even $1.84.
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