SUI Hype Grows As Price Action Points To A Rally: $4 Level In Focus
SUI is now trading at a pivotal level after confirming a bullish structure on the short-term chart. Following a strong recovery from its local lows in early April, the Layer-1 token has steadily climbed, showing clear signs of renewed investor interest. However, while the uptrend remains intact, the $4 resistance zone stands as the next major obstacle that bulls must overcome to confirm a decisive breakout. Related Reading: HYPE Confirms Strength With Solid Throwback Response – Bullish Reversal? Market sentiment has been shifting as altcoins regain strength alongside Bitcoin’s....
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Here's a look at what we are focusing on in the bitcoin price this morning. Action overnight served up some pretty wild movement, especially on the intraday level, and made it pretty difficult to be in the market at times. We set up against yesterday’s trading range with some pretty tight parameters, and were able to get in and out of the markets on a relatively swift downside break. Shortly after we closed out our trade, however, and before we had any real chance to reevaluate our predefined key levels, price reversed and gapped back to the upside (this is illustrated on the chart below).....