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Blockonomi
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SUI Price: Technical Analysis Shows Potential Trend Reversal After Correction
- SUI cryptocurrency shows signs of potential trend reversal after completing a correction.
- Key resistance level is at the 0.5 Fibonacci retracement of $2.89.
- SUI has formed an ascending triangle pattern with potential for breakout above $2.4.
- Despite a recent drop, SUI has rebounded 5% in the past week and has over $1.1 billion in total value locked (TVL) in its Web3 ecosystem.
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