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SUI Prints Classic Reversal Setup With Triple Top Formation

  • SUI has displayed a classic reversal pattern known as a triple-top formation, indicating a potential shift from bullish to bearish momentum.
  • The triple-top formation near $3.085 on the price chart suggests weakening bullish efforts, with the price breaking below the $2.995 neckline support.
  • Key technical signals from Crypto Sat's analysis include trend exhaustion, a bearish support breakdown, and potential support levels at $2.92 to $2.87.
  • The breakdown below support, accompanied by increased volume, indicates a strengthening downside momentum, emphasizing the current bearish outlook for SUI.

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