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SUI Stages Strong Rebound Following Overnight Sell-Off as ETF Developments Fuel Recovery
SUI Stages Strong Rebound Following Overnight Sell-Off as ETF Developments Fuel Recovery
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
SUI rallied sharply to $3.78 from $3.52 in just five hours, recovering from an 8% overnight decline. Trading volume surged to 35.4 million—double the 24-hour average—indicating strong accumulation by institutional players during the dip.
Regulatory developments powered the rebound, with the SEC advancing Canary Capital's spot sui ETF proposal and 21Shares filing for a competing product. These moves position SUI for greater mainstream adoption through regulated investment vehicles.
The token now faces technical resistance at $3.82, remaining within a consolidation range. Market sentiment stays cautious as the CoinDesk 20 Index dipped 1% alongside SUI's modest 0.42% 24-hour decline.
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