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Asif Sarker
@aloneasif
SUI: Is Now the Time to Rebound to $4? SUI faced a dip from ~$4 to near $3 after the Cetus Protocol hack. But with the issue largely resolved, could this be the strategic entry for a return to $4? Technical Outlook: SUI is consolidating around $3.20-$3.30. A breakout above $3.36 is key to target the psychological $4 mark. The 50-day EMA near $3.40 is another hurdle. Be mindful of potential profit-taking. Sentiment & Recovery: The swift, community-led Cetus recovery has boosted confidence. This resilience is positive, but continued security and ecosystem growth are crucial for sustained gains. Considerations: Upcoming token unlocks (early/late June) might add selling pressure. Monitor on-chain activity and broader market trends closely. Conclusion: The post-hack recovery offers a compelling scenario. SUI's return to $4 hinges on breaking technical resistance, managing unlocks, and continued ecosystem growth. Always DYOR. Not financial advice. #CetusRecovery $SUI
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