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Technical Analysis

SUI price prediction: Is this the time for long-term investment?

Published: Sep 22, 2024
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  • Strong Recovery: SUI has recovered over half of its 80% decline at the time of posting now, which is significant. From the buy box we discussed a while ago, SUI has already delivered nearly a 90% move. This is one of the few assets showing real strength and excitment in the market right now.
  • Momentum and Long-Term Hold Potential: SUI is showing strong momentum, especially when compared to the rest of the market. It’s performing well during a recovery phase, which makes it an asset worth considering for long-term holds. If you're not in already, the next pullback zone to consider is around the $1.13 level.
  • Play It Smart: Watch for a break above $1.40 for further confirmation of strength, but if you’re looking to build a position, $1.13 is where you'd want to target. The setup is solid, and it’s the clear leader among these four assets. Just because we have broken $1.40 now doesn't mean $1.13 can't come into play; these stretched moves often need breathers.
Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.


SUI-USDT price chart showing a sharp rise, key resistance levels at $1.4210, $1.1300, and buy box accumulation region.

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