CandleFocus SUI Price Targets $5 Breakout Amid Reversal Chances in a Falling Crypto Market
2024-12-19
Author: Content Editor
The price of SUI is currently maintaining dominance and support above $4 amid a larger market crash. It is experiencing resistance near the $5 psychological level but is showing resilience and potential for a bullish comeback. The price is currently trading at $4.3850 with an intraday growth of 1.16%. There have been price rejections and a pullback, but underlying strength and psychological support have led to a swift recovery. The trend is currently bearish, indicated by declining MACD and RSI approaching oversold territory. However, if the uptrend continues, the price could re-test the 78.60% Fibonacci level and potentially reach $5.24 by the end of 2024. On the other hand, a continued decline would test local support near the 38.20% Fibonacci level at $3.9459.
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