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The price of Sui (SUI) is now trading at the level of $1.8 after Bitcoin fell to the $96,000 range and is in a very sensitive situation. According to market analyst Michael van de Poppe, the last time the SUI was in the $1.5-$2 range, it rose more than 100%. Assuming this scenario repeats, the price can increase to the range of 3.6 to 4 dollars.
Ali Martinez, another well-known analyst, also confirmed that the SUI is back on the growth path and the formation of a higher floor on the weekly chart could be a sign of the start of a new uptrend. Martinez mentioned that the last time in such a situation, SUI grew by more than 1000%, and if history repeats itself, the target of $20, i.e. more than 10 times the current price, is not out of mind.
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