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SUI Consolidates Around $1.40 as Traders Watch for Breakout
SUI Consolidates Around $1.40 as Traders Watch for Breakout
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
SUI's price action has entered a consolidation phase following months of bearish momentum. The token is currently trading at $1.43, finding temporary equilibrium between buyers defending the $1.40 support level and sellers capping advances NEAR $1.80.
Technical patterns indicate weakening selling pressure, with tighter candles suggesting accumulation is occurring. Analysts note this could set the stage for a short-term rebound, though the weekly chart maintains a corrective bias with critical moving averages positioned overhead.
The market remains in decision mode—a definitive break above the current range high WOULD signal potential trend reversal, while failure risks continuation of the lower-high sequence established earlier this year.
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