Yigit Taha OZTURK 
SUI has decreased by 0.59% today, dropping to $2.26, approaching a critical zone. As long as it doesn’t fall below this level, the overall outlook may still remain bullish. The area below $2.23 is a key zone to watch. However, there might be wicks at this level, and these should not be considered breakouts. Such wicks can be caused by market manipulation or temporary price movements. In this case, entering a trade based on a false breakout signal could result in being stuck in the wrong position.
The price movements today are largely influenced by economic developments, especially in the United States. Trump’s political uncertainty and the upcoming interest rate decisions may cause volatility in the markets.
An interest rate hike could exert pressure on the technology and cryptocurrency markets, as investors tend to shift towards safer assets. However, if the interest rates remain lower than expected, it could lead to continued gains for riskier assets like SUI. This could open the door to further upward movement.
The recommendation for investors is to remain patient and observe price movements more clearly, rather than entering a position without seeing a real breakout below this level. It’s important to consider short-term volatility and only trade at strong support and resistance levels to avoid potential losses. The $2.23 level could provide a clear indication of SUI’s direction, and if the price does not fall below this level, it may signal that the upward potential remains intact.
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