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SUI Crypto Eyes $5.50 Rebound as Stablecoin Supply Reaches All-Time High
SUI Crypto Eyes $5.50 Rebound as Stablecoin Supply Reaches All-Time High
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
The SUI Network’s stablecoin supply has surged to a record $908.18 million, marking a 181.53% growth since January. USDC dominates the ecosystem’s stablecoin composition, sparking speculation about SUI’s potential rebound to $5.50.
Technical indicators reveal a falling wedge breakout in progress, with retesting underway as trading volume accelerates. Notably, half of the top six performing assets over the past 24 hours originate from the SUI ecosystem.
Despite SUI’s current price hovering NEAR $3.15, the network continues to demonstrate robust fundamentals, suggesting upward momentum if stablecoin inflows persist.
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