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SUI Defies Odds With A Sharp Rebound Above $4.9: New Highs Loom?

SUI has made an impressive comeback, defying market expectations with a robust rebound that propelled its price above the critical $4.9 level. This sharp recovery following a period of uncertainty, signals renewed strength and growing investor confidence in the asset. The move above $4.9 is not just a technical milestone; it represents a pivotal moment that could set the stage for further gains as market dynamics shift in favor of the bulls. SUI’s recent resurgence has sparked optimism about the potential for new highs, with the break above $4.9 fueling increased market interest. Traders are now closely watching if the token can sustain its momentum and overcome upcoming resistance levels. With technical indicators supporting the rally, the next few trading sessions will be pivotal in determining whether SUI can capitalize on its current momentum or face challenges at higher levels. Bullish Momentum Returns: A Closer Look At SUI’s Rebound After failing to break below the 4-hour Simple Moving Average (SMA), SUI has made an impressive bullish recovery, breaking through the significant $4.9 resistance level. This surge signals a shift in market sentiment as the bulls regain control and push the price closer to its previous high of $5.3. Related Reading: SUI Breakout Alert: Strong Momentum Puts $4.98 Key Level In Focus Its price action highlights a strong rebound, demonstrating the underlying strength and potential for continued upward movement. The 4-hour SMA, which initially acted as a support level now serves as a key reference point for future price action. If the momentum holds and buying pressure remains robust, SUI could not only test its previous high at $5.3 but possibly surpass it, marking new milestones in its bullish trajectory. With the current strength, it is important to keep a close watch on SUI’s next steps to see whether the rally can extend further, leading to even higher price levels. Additionally, SUI’s RSI is signaling continued bullish momentum, suggesting the possibility of more price increases. As SUI climbs above $4.9, the RSI maintains its upward trajectory well away from overbought levels, which indicates that the asset has room for additional gains. This positive RSI trend strengthens the outlook for prolonged upside movement, with the potential to revisit previous highs as long as the indicator continues to show strength and no signs of a reversal arise. Will SUI Achieve Its Next Big Breakthrough? SUI’s price continues to climb, signaling the capability for new highs if the momentum is maintained. With further gains possible, the next target might be a test of the $5.3 peak. As long as SUI stays above $4.9, the bullish outlook remains intact and a breakout looks promising. Related Reading: SUI Skyrockets: Bullish Momentum Drives Push Toward $6 However, a failure to hold above $4.9 may weaken the bullish trend, leading to a shift in sentiment and a decline to $3.9. A breach of this support could dampen the uptrend and introduce downside risks, keeping the market cautious. Featured image from LinkedIn, chart from Tradingview.com CoinOtag

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Three Russians Face Money Laundering Charges Over Mixing Services: DOJ

Three Russian nationals tied to operating sanctioned crypto mixing services Blender.io and Sinbad.io have been charged with money laundering by a federal grand jury in Georgia, the U.S. Department of Justice said in a statement on Friday . Roman Vitalyevich Ostapenko and Alexander Evgenievich Oleynik had been arrested last month, and they face money laundering charges. A third person tied to the services` operations, Anton Vyachlavovich Tarasov, is at-large, the DOJ said. Authorities from multiple jurisdictions had already seized and dismantled the computer equipment behind the services. Blender.io had previously been sanctioned by the U.S. Treasury Department for aiding in the concealment of the crypto proceeds of cyber thefts conducted by North Korean hackers. That move marked the Treasury`s first sanctions against a crypto mixer , which is a service that aims to anonymize transactions and erase the public trail of digital assets. "According to the indictment, the defendants operated cryptocurrency ‘mixers’ that served as safe havens for laundering criminally derived funds, including the proceeds of ransomware and wire fraud," said Principal Deputy Assistant Attorney General Brent S. Wible, the DOJ`s criminal division chief, in a statement. "By allegedly operating these mixers, the defendants made it easier for state-sponsored hacking groups and other cybercriminals to profit from offenses that jeopardized both public safety and national security." Read More: Crypto Mixer Sanctioned by U.S. Treasury for North Korea Allegations, as FBI, Dutch and Finnish Police Seize Website The prosecution of crypto mixing services – the controversial businesses that represent both the sector`s vulnerability to criminal use and its championing of financial privacy – has been a point of contention for U.S. policymakers and members of Congress. In the most famous case, the pursuit of Tornado Cash, the Treasury`s sanctions were overturned in November by a federal appeals court, ruling that the technology underpinning such services can`t be targeted this way. However, the government is still pursuing criminal prosecutions of Tornado Cash`s founders. Blender.io operated from 2018 to 2022 before it was taken down by authorities, to be quickly replaced by Sinbad.io , which drew similar sanctions from the Treasury Department. CoinOtag