@seraphglimp
Sui (SUI) closed below the $3.26 support on Monday, but the bears could not sustain the lower levels.
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SUI/USDT daily chart. Source: Cointelegraph/TradingView
The bulls pushed the Sui price back above $3.26 on Tuesday but are likely to face stiff resistance from the bears at the 20-day EMA ($3.45). If the price turns down sharply from the 20-day EMA, the risk of a break below $3.11 increases. The SUI/USDT pair could then plummet to $2.80.
Alternatively, if buyers drive the price above the 20-day EMA, the pair could climb to the 50-day SMA ($3.67).
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