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SUI Targets $5 Milestone Amid Surging Institutional Demand
SUI Targets $5 Milestone Amid Surging Institutional Demand
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
Sui, the high-performance Layer-1 blockchain, has surged 37% this week to $4.01, rebounding from May's 30% decline. Bullish signals emerge as the Chaikin Money FLOW indicates strong accumulation and the SuperTrend confirms an uptrend. Analysts project a clear path to $4.50, with $5 achievable if momentum persists.
Institutional confidence was demonstrated by Nasdaq's 21Shares U.S. Spot sui ETF filing, highlighting growing mainstream adoption. Network growth reinforces this trend—Sui now supports 31 million active wallets and $1.9 billion in TVL, marking a 76x increase since launch. Its scalability focus solidifies Sui's position as a leading non-EVM blockchain contender.
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