Sui (SUI) Enters “Strategic Accumulation Zone” as DEX Volume Hits $14 Billion
Main Idea
Sui (SUI) is entering a strategic accumulation zone with potential for a bullish reversal, supported by technical patterns and record-breaking DEX volume, with analysts targeting higher price levels if key resistances are broken.
Key Points
1. SUI's price is in a key range of $2.79–$2.63, signaling a potential bullish accumulation phase.
2. The token broke out of a long-term symmetrical triangle pattern, hinting at a macro bullish reversal.
3. DEX volume on the Sui network hit a record high in July, indicating strong ecosystem growth.
4. Analysts suggest price targets of $7.60–$14 if SUI holds its trendline and breaks the $4.30 resistance.
5. Institutional interest is growing, with market observers noting SUI's strong ecosystem and technical setup.
Description
SUI enters key $2.79–$2.63 zone, signaling potential for bullish accumulation phase Breakout from long-term triangle and DEX growth hint at a macro bullish reversal Analysts eye $7.60–$14 targets if SUI holds trendline and breaks $4.30 resistance Sui (SUI), a Layer 1 blockchain that has been gaining significant momentum, is entering what many analysts see as a strategic accumulation zone. After a powerful rally in July, the token’s price has pulled back to a key range between $2.79 and $2.63, an...
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