SUIUSDT has recently bounced from a key support level and is currently consolidating just below a resistance border. A breakout above this resistance line would likely confirm upside continuation, with the next target zone potentially coming into play.
The overall structure remains bullish as long as the price sustains above the support level.
However, from a broader market perspective, the crypto market is showing signs of weakness and negative sentiment, which could stall or delay a breakout attempt in the short term. Traders should monitor both the price action at resistance and the overall market tone for further confirmation.
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The overall structure remains bullish as long as the price sustains above the support level.
However, from a broader market perspective, the crypto market is showing signs of weakness and negative sentiment, which could stall or delay a breakout attempt in the short term. Traders should monitor both the price action at resistance and the overall market tone for further confirmation.
If You Like this idea if you any idea about this analysis shar in comments Thanks for Support.
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