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SUI Bulls Target $6 as Technicals and TVL Growth Drive Momentum
SUI Bulls Target $6 as Technicals and TVL Growth Drive Momentum
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
SUI’s price action shows a classic bullish reversal, with strong support holding at $3.30 following a falling wedge breakout. The Layer 1 token now boasts an $11.16B market cap after a 0.64% 24-hour gain, setting the stage for a potential push toward the $6 psychological level.
A golden crossover between the 50-day and 200-day EMAs reinforces the uptrend, supported by the project’s growing Total Value Locked (TVL). The $1.74B TVL milestone highlights increasing DeFi activity, suggesting the 65% Q1 decline may have marked a cyclical bottom.
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