SUI Tests Key Support at $2.00: Is a Rebound Imminent?
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
SUI's price rallied 10% last week before pulling back below the crucial $2.07 support level as traders took profits. The token now fluctuates NEAR $2.00, with weekly gains reduced to just 0.45% and a 3.36% daily drop. Market cap reflects declining confidence, falling 3.52% to $7.49 billion.
Technical indicators show mixed signals. The RSI-14 at 42.07 hints at potential oversold conditions, while the MACD histogram turns positive despite bearish momentum. A clear break below $2.00 could trigger accelerated selling toward Fibonacci support at $1.85-$2.00. Analysts are watching for stabilization signs that might precede upside movement next week.
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