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SUI Shatters Resistance as Whale Activity Fuels Bullish Momentum
SUI Shatters Resistance as Whale Activity Fuels Bullish Momentum
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
Sui surged 12.8% to $4, breaking through a multi-month triangle pattern with strong whale-backed momentum. The MOVE past $3.60 is now testing a historical supply zone, while derivatives traders maintain aggressive long positions.
Spot order data shows institutional accumulation, with $6.49 million inflows indicating partial profit-taking. The RSI at 72.7 signals overbought conditions, but sustained whale participation lowers near-term reversal risks.
The market structure aligns with the 0.786 Fibonacci retracement level—a classic breakout confirmation. Unlike retail-driven pumps, this rally displays signs of strategic positioning by large holders.
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