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Cryptorank

SUI Eyes $3.90 as Supply Shrinks and Bulls Defend Crucial Support


by Olivia Stephanie
for CryptoPotato
SUI Eyes $3.90 as Supply Shrinks and Bulls Defend Crucial Support

TL;DR

  • SUI is trading near $3.20 support with targets set at $3.53 and $3.90 if held.
  • A falling wedge pattern may lead to a reversal, but breakout confirmation is still missing.
  • Over 1.9M SUI removed from circulation as token burns and freezes continue rising fast.

Price Action Near Key Support

After reaching a high of $3.90 earlier in August, the token has pulled back and is currently priced around $3.18 to $3.28 (Coingecko data). Analysts are closely tracking the $3.20 support, which has held several times before.

Read the article at CryptoPotato

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SUI Eyes $3.90 as Supply Shrinks and Bulls Defend Crucial Support


by Olivia Stephanie
for CryptoPotato
SUI Eyes $3.90 as Supply Shrinks and Bulls Defend Crucial Support

TL;DR

  • SUI is trading near $3.20 support with targets set at $3.53 and $3.90 if held.
  • A falling wedge pattern may lead to a reversal, but breakout confirmation is still missing.
  • Over 1.9M SUI removed from circulation as token burns and freezes continue rising fast.

Price Action Near Key Support

After reaching a high of $3.90 earlier in August, the token has pulled back and is currently priced around $3.18 to $3.28 (Coingecko data). Analysts are closely tracking the $3.20 support, which has held several times before.

Read the article at CryptoPotato

Read More

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Long-term Bitcoin holders, rising institutional hedging, and weakening resistance sug...
PENGU Bottom In? TD Sequential and Wedge Breakout Say Yes

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PENGU prints TD Sequential buy signal and breaks out of falling wedge as the price ju...