CryptoNeutralNewsBTC · 4h ago6/10
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SUI Finds Strong Technical Support, Yet Broader Downtrend Fears Persist
SUI has found technical support at a key confluence zone combining the Value Area High, a 12-hour breaker block, and converging exponential moving averages, offering potential for a rebound toward Fibonacci extension targets. However, broader technical analysis suggests the asset has yet to confirm a meaningful bottom and may still be vulnerable to a fifth-wave decline, with critical resistance at $1.31 determining whether the recovery can extend or if lower prices await.
$SUI