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SUI Price Targets $4.20: Critical Levels for Traders to Monitor
SUI Price Targets $4.20: Critical Levels for Traders to Monitor
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
Sui''s recent price rally coincides with the U.S. SEC evaluating a 21Shares ETF proposal, which could inject $300 million into SUI. The network''s robustness is demonstrated by Cetus'' successful relaunch after a $220 million breach, showcasing SUI''s enhanced security measures.
SUI derivatives trading volume increased 6.44% to $5.16 billion, with open interest up 3.53% at $1.52 billion—signaling strong institutional participation. The ecosystem''s DEX volume surpassing $100 billion further solidifies its liquidity growth.
Technically, sui is trading above its 9-day SMA ($3.26), with bullish momentum eyeing the $4.20 resistance level. While market structure favors bulls, sustainability hinges on volume trends.
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