📊 $SUI Weekly Chart Overview
The weekly chart of SUI/USDT shows that the price recently tested the $1.35–$1.46 support zone, which aligns with a long-term ascending trendline. Analysts often note that such zones can act as potential accumulation areas during corrective moves.
⚡ Technical Observations:
Price recently completed a significant corrective move from previous highs.
The $1.35–$1.46 zone has acted as support multiple times, making it a key area to watch for market participants.
The weekly chart shows a potential Double Bottom–like structure, which traders sometimes use to identify trend reversals.
🔹 Fundamental Context:
SUI continues to develop its Layer 1 blockchain ecosystem, with ongoing mainnet upgrades improving throughput and stability.
The project has growing developer activity in DeFi and Gaming applications, indicating ecosystem adoption.
Total Value Locked (TVL) and ecosystem growth metrics are publicly available and suggest increasing engagement.
⚠️ Important Notes:
This post does not constitute financial advice.
Technical patterns and fundamentals do not guarantee future price movements.
Always perform your own research and manage risk appropriately.
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