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SUI Faces Resistance at $3.71 Despite Strong Weekly Inflows of $9.3M
SUI Faces Resistance at $3.71 Despite Strong Weekly Inflows of $9.3M
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
SUI’s bullish momentum stalled on Monday as the token encountered resistance NEAR $3.71, signaling potential profit-taking following its recent peak at $4.30 on May 12. Despite consistent digital asset inflows totaling $9.3 million last week, the layer-1 blockchain has yet to break back above the $4.00 mark.
The ecosystem’s DeFi total value locked (TVL) remains strong at over $2 billion, highlighting sustained investor confidence in the protocol. Market analysts observe that SUI’s performance aligns with broader crypto market trends, where sentiment-driven rallies often experience temporary pullbacks.
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