In the last 24 hours, SUI has seen some positive momentum, with its market cap reaching $10.5 billion. However, it is still recovering from a 26% decline over the past 30 days. The technical indicators show mixed signals, with the CMF reflecting easing selling pressure but still indicating cautious market sentiment. The Ichimoku Cloud suggests possible consolidation with the potential for a bullish breakout, and the EMA lines are showing early signs of a potential golden cross. If momentum continues, SUI could test resistance levels at $3.73 and potentially rise above $4.25. However, the CMF is still negative, indicating a cautious market sentiment, and sellers still have some control of the SUI blockchain. The overall outlook is cautiously optimistic, with the possibility of a bullish breakout if the price can move above the cloud. However, if it fails to do so and breaks below the cloud, bearish pressure could resume. The short-term EMAs are showing an upward trajectory, indicating a potential shift in momentum, and if they cross above the long-term ones, a golden cross could form and SUI could test resistance levels at $3.73 and $4.25. On the other hand, if the upward momentum fades and the short-term EMAs fail to cross above the long-term ones, the bearish trend may continue and SUI could retest support levels at $3.08 and $2.86, and potentially drop as low as $2.39.



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