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SUI Plunges 14%: Panic Sell-Off or Market Correction?

  • SUI has experienced a steep 14% drop, with its trading volume increasing by over 246%.
  • The decline in SUI is attributed to Donald Trump's global tariffs affecting the crypto market, leading to a sharp decline of over 8.79%.
  • SUI's downside correction may lead to retesting support zones between $1.78 and $1.49, but an upside correction could push the price to the $1.88 resistance level and confirm an uptrend.
  • Technical indicators, such as the MACD, CMF, RSI, and Bull Bear Power, suggest a bearish momentum in the SUI market.

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