CandleFocus

Trump’s Election Win Fuels SUI Rally, Eyes $3 for New ATH

Author: Content Editor
The cryptocurrency asset SUI has experienced a surge of 14.27% and is now trading at $2.29. This increase aligns with the broader market rally following Donald Trump's victory in the U.S. Presidential elections. With SUI now surpassing the $2.18 level and the 100% Fibonacci retracement, it suggests that buyers are positioning for further gains and a potential move towards a new all-time high. The MACD and signal lines are indicating that the bulls are firmly in control, and the recent pullback found support at the 50-day Simple Moving Average. Fibonacci projections suggest that the uptrend could extend towards price targets of $3.19 and $5.20. On the shorter-term chart, SUI faces resistance at the 38.20% level, but a potential bounce could propel it towards key resistance levels at $2.68 and $3.56. A pullback to the $2 level could also occur before the rally resumes.

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