SUI Eyes Potential Breakout Amid Market Retrace, Is $2.3 Next?

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SUI Eyes Potential Breakout Amid Market Retrace, Is $2.3 Next? - NewsBTC

Quick Summary:

Related Reading: Analyst Says It’s Time To Be Bullish On Ethereum’ As ETH Retests $2,700 Most of the market will experience volatility in the coming days as speculation and anticipation build up for the outcome of the US presidential elections, scheduled for next week.

Nonetheless, the token reached the lower levels of the $1.90 support zone on Friday morning amid the market retrace.Today, SUI surged 9.3% from its $1.92 daily low to hit the $2.10 mark before retracing to $2.07.

Analyst Michaël van de Poppe noted that most altcoins, including SUI, were in a correction period and explained how its retest of the $1.90-$2 support is "crucial for further upward momentum.” As of this writing, SUI is trading at $2.05, a 3.5% increase in the last 24 hours.