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SUI Challenges Key Resistance Zone as DeFi TVL Hits $2.2B and Derivatives Activity Soars
SUI Challenges Key Resistance Zone as DeFi TVL Hits $2.2B and Derivatives Activity Soars
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
Sui’s native token is testing a crucial technical resistance level at $4.18, supported by a 31.3% surge in Open Interest and $1.64M in short liquidations. Market structure indicates potential seller exhaustion at this level, with positive funding rates demonstrating strong long-position conviction.
The network has reached a significant milestone with Total Value Locked (TVL) hitting $2.2 billion - representing a 222% annualized growth rate that solidifies SUI’s standing among leading DeFi ecosystems. Current price action at $4.08 (up 6.2% daily) coincides with derivatives traders deploying $1.76 billion in notional exposure, reflecting growing market interest.
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