SUI’s recent market activity: SUI cryptocurrency recently experienced an 8% drop, trading around 3.8 USD. This decrease has been observed amidst market volatility. Despite the drop, analysis and chart signals suggest a potential price increase, as outlined by crypto trader ‘Team LAMBO’ via his popular chart on X.
Technical analysis insights by ‘Team LAMBO’: Trading expert ‘Team LAMBO’ highlights a critical breakout in SUI’s chart. The price has breached a downtrend line, indicating a possible shift in momentum. The breakout occurred around 3.5 USD, which now serves as a significant support level. Maintaining this support is essential for a continued upward trend.
Trader’s Optimism for SUI’s growth: The trader suggests SUI could reach 5 USD following the breakout and retest phase. Maintaining support above the 3.5 USD level is KEY for this target. If SUI fails to hold this support, it might face further declines, but successful navigation through these price points could boost investor confidence.
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