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π₯π₯π₯ $SUI Surges 24%: Where Is the Technical Momentum Coming From?
Observing the Sui /USDT 4H chart, the price has just made a clear breakout from the consolidation zone around 1.05 β 1.10. After breaking this resistance, strong buying pressure appeared, pushing the price quickly up to around 1.33 USDT.
A few notable technical points:
The bullish structure (Higher High β Higher Low) is beginning to form.
Volume spiked sharply on the breakout candle β a sign that strong capital is entering the market.
The 1.30 β 1.35 area is currently a short-term supply test zone.
π Key levels to watch:
Near support: 1.20 β 1.24
Major support: 1.08 β 1.10 (previous breakout zone)
Next resistance: 1.45 β 1.50 if the bullish momentum continues.
At the moment, the short-term trend of SUI still leans bullish. However, after such a strong pump, a retest or consolidation phase is quite possible before any further upward move.
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