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SUI Shows Resilience with 3.4% Rebound Following $210M Token Unlock Sell-Off
SUI Shows Resilience with 3.4% Rebound Following $210M Token Unlock Sell-Off
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
Sui's native token (SUI) has recovered 3.4% to trade at $3.82, demonstrating resilience after a 23% drop caused by August's $210 million token unlock. The release of 76.27 million new tokens initially pressured the market, but buyers are now stepping in at levels many consider discounted.
Technical indicators point to increasing bullish sentiment. The daily RSI at 53.75 suggests room for further upward movement, with price action consolidating between $3.60 and $3.94. Traders appear to be looking past short-term dilution effects, focusing instead on Sui's long-term ecosystem growth potential.
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