SUI Stabilizes Near Support, Eyes $1.56 Recovery
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
SUI is showing tentative signs of recovery after a prolonged downtrend, stabilizing above the $1.40 support level. The token's price action indicates diminished selling pressure and tightening volatility—a potential precursor to accumulation.
Technical analysis suggests a measured rebound toward $1.56 if momentum holds. Fibonacci retracement levels frame the recovery path, with $1.47 acting as the first pivot point. Traders note the absence of distribution patterns, interpreting recent candle formations as bullish consolidation.
BitGuru analysts highlight reclaiming $1.47 as critical for confirming recovery momentum. A breach of $1.56 WOULD signal stronger bullish conviction, potentially reversing weeks of lower highs.
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