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Hard exit from Sui (SUI): It's no longer surprising that he's at the top!
Sui (SUI), one of the most popular coins of the last period, has almost overtaken other altcoins with its increase in a short time.
Sui (SUI), which started to show itself gradually with the mobility in the ecosystem, attracted great attention with its upward moves. Despite the decline in the market in general, Sui, which remains strong compared to other projects, has turned its course upwards. Powered by BTC's pricing around $40,000, the popular coin has risen by 6.85% in the last 24 hours, making it a throne on the "Most Very Rising" list.
After testing $1.45, the SUI experienced a solid correction and seems to have returned to $1.0077 for now. Having reached a critical point in the short/medium-term price structure SUI could head towards $1.2802 – $1.3632 and $1.4504, respectively, if it maintains the $1.1147 – $1.0920 range as support. In this process, the developments in the ecosystem and the price movements of the BTC will be of great importance.
If BTC fails to close above $40,000 or if SUI breaks below $1.0920, it is highly likely that the pair will see selling pressure again. In such a scenario, a contact with the minor support level of $1.0077 can be expected first. A lack of reaction from this level could lead to a snap drop to $0.9211 – $0.7853 and $0.6664, respectively. Finally, with the breakout of $0.6664, $0.50 can be expected to see support from both a technical and psychological point of view.