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TronWeekly

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$4.20 Target for SUI Gains Traction, But Bears Still Rule the Chart

  • A recent tweet forecasting a major surge in the value of $SUI to $4.20 has ignited discussions among crypto traders and market watchers.
  • Technical indicators like RSI and MACD suggest weak momentum, with the price near the lower Bollinger Band hinting at undervaluation.
  • Chart analysis reveals a dominant downtrend in SUI with lower highs and lows, indicating bearish control despite recent sideways movement.
  • The Bollinger Band squeeze implies a significant price movement ahead, but bulls require volume and confirmation to drive a potential rally.

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