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SUI: Will the resistance level of $4.76 in 2025 be maintained or broken through?
Looking ahead to 2025, the future of SUI (SUI Network) continues to be a topic of keen interest for cryptocurrency investors and analysts. SUI is a Layer 1 blockchain focused on scalability and high-performance decentralized applications (dApps). One of the key price levels to watch in the coming year is the resistance level at $4.76, which has become a crucial point in the SUI market trajectory.
The importance of the 4.76 US dollar resistance level
SUI The recent price trend has shown strong resistance near $4.76. In fact, it is difficult for the price to break through this level, indicating significant selling pressure in this range. If SUI fails to break through this resistance level, it may indicate a period of consolidation or even a pullback, as traders will lock in profits. Resistance levels such as $4.76 typically act as psychological barriers to test whether demand can maintain an upward trend.