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$SUI compression near support hinting at a possible bullish reversal.
Price has been declining within a compression channel and is now interacting with a rising support structure.
📉 Technical View:
• Pattern: Descending compression channel meeting ascending support
• Bias: Bullish if demand stabilizes near the support structure
• Key Level: Watch support around $0.90 and resistance near 1.05
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⚠ If price slips and holds below the rising support line, this potential rebound setup may weaken and allow the broader downtrend to continue.
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