SUI/USDT Analysis: Potential Upward Momentum
SUI/USDT has been showing signs of upward momentum, with the price currently at $1.9250. The recent price increase suggests that there might be a bullish trend in play.
The price is currently near the upper end of its recent trading range. This indicates that there might be a potential selling opportunity if the price breaks below the support level around $1.8668. However, given the current upward trend, it might be a good time to consider entering a long position on SUI/USDT.
Resistance levels are located at $1.9403 and $1.9440. If the price breaks above these resistance levels, it could signal further upside.
Remember: This analysis is based on past price movements and does not guarantee future performance. Always conduct your own research and consider risk management strategies before making any investment decisions.
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