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SUI Faces Breakout Test

SUI cryptocurrency is under pressure following its recent pullback. A weekly breakout structure suggests a potential recovery, requiring a price level above 0.70–0.85 to be defended. The analyst identifies 0.50–0.70 as the accumulation zone, where the price spent extended periods after previous rallies. If the price closes below $0.50, it may break the current bull market scenario. The chart also shows a significant liquidation spike on May 11, indicating a concentrated short liquidation event.

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