Sui experienced a volatile week, surging 45% in under three days to nearly reach the $1 resistance before weekend selling pressure caused a loss of the $0.80 support level. Phantom Wallet plans to end its support for the Sui Network on September 24th, an announcement that weighed on market sentiment. Despite this setback, the price remains above the 50-day moving average at $0.72 and the CMF indicates buying pressure at +0.05. In the short term, a recovery toward $0.80 remains possible if Bitcoin rallies back above $80k, but the daily timeframe’s bearish structure limits the prospects for a sustained recovery.
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