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SUI Price Dip to $3.46 After Token Unlock Seen as Strategic Buying Opportunity
SUI Price Dip to $3.46 After Token Unlock Seen as Strategic Buying Opportunity
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
SUI's price correction to $3.46 following the release of 76.27 million tokens is being viewed by analysts as a tactical entry point. The 23% decline from its recent high of $4.50 is attributed to temporary supply pressure rather than deteriorating fundamentals, with noted technical analyst Michael van de Poppe highlighting strong support levels.
Institutional investors continue to show interest despite the sell-off, supported by record decentralized exchange (DEX) volumes in July. Market participants perceive the unlocking event as creating a short-term discount opportunity rather than signaling a fundamental weakness, with SUI's ecosystem growth trajectory remaining strong.
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