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SUI Navigates Market Turbulence as Ecosystem Expansion Continues
SUI Navigates Market Turbulence as Ecosystem Expansion Continues
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
SUI's price action reflects a tug-of-war between bullish momentum and bearish pressure. The token dipped 14% this week, oscillating between $2.71 and $2.92 before settling NEAR $2.78. Market participants await a decisive breakout as open interest plunges 40% from its $2.05 billion peak to $1.19 billion—the lowest in three weeks.
Technical levels suggest potential upside to $3.50 or even $4 with renewed buying pressure, while failure to hold $2.75 could trigger a slide toward $2.40. Meanwhile, Sui's ecosystem flourishes with DEX volume hitting $398 million and stablecoin activity tripling since January to $1.2 billion. Total value locked now stands at $1.8 billion, cementing Sui's position among blockchain's rising stars.
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