CandleFocus

SUI Eyes $1.45 Retest Following Breakout: Will Bulls Defend Support?

Author: Content Editor
The cryptocurrency SUI is approaching a critical retest of the $1.45 level after a successful breakout. The bulls must defend this newfound support to solidify it as a foundation for further gains. However, there are signs that bullish momentum may be slowing down, with potential price declines and a drop in the RSI indicating waning momentum. If the $1.45 support level is successfully defended, SUI could see further upward movement towards resistance points like $2.18. However, a failure to hold the support level could trigger a deeper correction towards the next key support at $1.22 and potentially complete a bearish reversal. At the time of writing, SUI was trading at around $1.74, with a market capitalization of $4.6 billion and trading volume exceeding $1 billion.

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