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Breakout In Sight? SUI Set To Test Crucial $3.5 Resistance With ATH In View

  • Popular analyst Ted Pillows predicts a potential price breakout for Sui (SUI) as the altcoin shows a bullish pattern amidst a recent price decline.
  • SUI has experienced a steady price decline of 17.18% over the past month, but Pillows highlights a bullish descending wedge pattern forming, indicating a possible market reversal.
  • To achieve a breakout, SUI must surpass a critical resistance at $3.5, the upper boundary of the descending wedge, for a market rally to new all-time highs.
  • Current SUI price is at $3.23 with potential targets set at $4.00 and a new all-time high projected at $5.21, hinting at a significant gain potential according to Pillows' analysis.

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