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Key Support for SUI at $2.40: Liquidity and Market Forecasts

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by Giorgi Kostiuk

a day ago


SUI crypto has reached the $2.40 support level, attracting traders' interest and signaling potential market shifts. Market data indicates an increase in purchase momentum and possible trend changes.

Analysis of Current SUI Price Levels

SUI hit an important support level at $2.40 and showed price movements matching historical resistance levels. Analytical indicators demonstrate purchasing sentiment. Further price testing can occur at $2.0388 or $1.7417 if SUI does not maintain above $2.40.

SUI Liquidation Heatmap

SUI's liquidation heatmap revealed key liquidity zones that traders can use to identify essential support and resistance levels. Focus is on the price clusters from $2.4 to $2.5, creating conditions for a possible upward breakout towards $2.8 if SUI maintains its position.

Overall SUI Portfolio Dynamics

Despite a general decrease in portfolio value, SUI remains one of the more stable assets. Since its initial acquisition, its value has dropped over 20%. Although this dip is less severe than that of ETH, LINK, and AAVE, SUI still shows slight stability amid market changes.

In the current market conditions, SUI shows potential to return to higher price levels if overall market conditions and liquidity improve. Observers will closely monitor the changes in SUI and other financial instruments.

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