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Strong Rejection at Resistance for SUI

Written By: ChartChamp

October 17, 2024

SUI is trading near a key long term price level on the SUI/BTC pair. There is a strong rejection forming and SUI needs to form a bullish breakout soon or else there is risk of a drop. SUI was trading within the green channel and building bullish momentum headed into the light blue resistance level. However, there was a strong rejection and now SUI is trading below the green channel. I think the next few hours and days of price action will be very important because SUI is at risk of further decline from this rejection.

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