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Bitcoinsensus

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SUI Price Prediction: Is $3.23 the Key Level?

  • SUI price reacted sharply from a daily supply zone, indicating a potential bounce towards the $3.44-$3.23 daily demand zone.
  • SUI is a Layer 1 blockchain by Mysten Labs, focused on scalability and high-speed transactions for next-gen dApps.
  • The $3.44-$3.23 zone is crucial for potential price movement as it previously sparked a major impulse, with liquidity above the H4 trendline playing a significant role.
  • While predictions suggest a bounce from the mentioned levels, it is essential to manage risks and remain adaptable as market outcomes are not guaranteed.

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