SUIUSDT retest on crucial support!!
2025-01-30
Category: None

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Let's analyse SUIUSDT both fundamentally and technically.

FUNDAMENTAL ANALYSIS:
SUI is a promising blockchain platform developed by Mysten Labs. Known for its high throughput, scalability, and focus on developer experience, SUI aims to provide a robust infrastructure for decentralized applications.

Key features of SUI include:
High Performance: Handles a large number of transactions per second.
Smart Contracts: Supports self-executing contracts for building dApps.
Developer-Friendly: Offers a user-friendly environment for developers.
Security and Efficiency: Prioritizes security and efficient transaction processing.
SUI's innovative approach could position it as a leading player in the blockchain space.

TECHNICAL ANALYSIS:
SUI has seen a huge price increase, rallying by about 120% after it broke through the $2.34 resistance level. It's now testing this previous resistance as a new support level, which is further strengthened by the 50-day EMA on the 3-day chart.

Buying Levels:
$3.7 to $3.3
$2.3 to $2.1

Target Levels:
$5.18
$7.01
$11.09
$14.5

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