The cryptocurrency Sui (SUI) is experiencing a potential rebound as its price rises above $2.80, which is generating optimism among traders. This recovery is crucial as maintaining support above this level could lead to further upward movement. However, there are concerns about whether this rally will be sustained or if it is just a short-term reaction before another decline. SUI's price faced rejection when it attempted to push higher, indicating possible weakness in the recovery. The asset is also still struggling to gain bullish momentum as it trades below the 100-day Simple Moving Average and faces resistance from a key bearish trendline. Overcoming these hurdles and breaking through resistance levels could signal a trend reversal, while failure to do so may result in more downside pressure.



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