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Josh Altons
Josh Altons

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πŸ“ˆ πŸš€ SUI Hits All-Time High, But Weakening Trend Halts $4 Breakout

πŸš€ SUI Hits New All-Time High
SUI has surged nearly 74% in the past month, reaching a new all-time high. This impressive run reflects growing adoption and market activity, cementing its position as a strong contender in the crypto space.

πŸ“Š SUI TVL Breaks Records
SUI’s Total Value Locked (TVL) hit a peak of $1.65 billion on November 15 before stabilizing at $1.62 billion. This marks significant growth from $900 million on October 28, demonstrating its ability to attract capital. However, the slight dip signals a cooling phase after rapid growth.

πŸ“‰ Weakened Uptrend
SUI’s Average Directional Index (ADX) has dropped to 18 from over 30 just two days ago, indicating weakening momentum. ADX values below 20 suggest a lack of trend strength, raising the possibility of consolidation or pullbacks in the near term.

πŸ’‘ Price Prediction: $4 Breakout or Pullback?
If momentum rebounds, SUI could test resistance at $3.94 and aim for $4, signaling renewed bullish activity. However, a reversal might push the price toward its $3.1 support, with a failure to hold potentially triggering a 39% correction to $2.2.

⚠️ Conclusion
While SUI’s rally has been impressive, weakening momentum and market sentiment could influence its next move. Traders should monitor key levels and prepare for either a breakout or a potential pullback.

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