weak buy
SUI Reacts to Cetus Protocol Hack With Sharp Decline and Support Tests
Following the news of the Cetus Protocol hack, SUI experienced a sharp decline and is currently attempting to hold at the $4.01 support level. If this support is lost with a four-hour close, the price could drop to the $3.83 support level.
On the other hand, if the $4.01 support remains intact, there is a strengthened potential for a bullish recovery, which might initiate a move back towards the $4.20 level for SUI.
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AI Analysis
The recent hacking incident involving Cetus Protocol appears to have had a significant negative impact on SUI, causing a rapid decrease in its price. Currently, the token is attempting to sustain itse...
AI Recommendation
Traders should watch the $4.01 support carefully. If the price stays above this level with strong volume, it could be a signal to consider a bullish entry targeting the $4.20 mark. However, a four-hou...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.