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SuiEcosystemHacked

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#SuiEcosystemHacked SUI Price Rejected at Key Resistance The price of Sui (SUI) faced rejection at the $4.18 resistance level, despite a broadly bullish crypto market. The large-cap altcoin, with a fully diluted valuation of approximately $39 billion and a 24-hour trading volume near $3.6 billion, fell nearly 10% on Thursday to around $3.90 in late North American trading. Cetus Protocol Hack Hits Sui Ecosystem On May 22, the Sui network suffered a significant security breach. Cetus Protocol, a major DEX and liquidity aggregator on Sui, reported a $223 million exploit involving manipulated liquidity contracts. Validators swiftly intervened, freezing $162 million to reimburse users. However, the attacker bridged over $60 million to the Ethereum network. Short-Term Outlook and Price Targets SUI maintains a macro bullish structure supported by the wider market rally since April. The recent rejection at $4.18 suggests a possible short-term pullback to $3.60. However, a successful breakout above $4.18 could set the stage for a rally toward $5.03. Technical indicators, including the rising daily MACD above the zero line, favor continued bullish momentum. #Write2Earn #BinanceSquareTalks #Lrarn2Earm {spot}(SUIUSDT) {spot}(SOLUSDT) {spot}(SIGNUSDT)
#SuiEcosystemHacked
SUI Price Rejected at Key Resistance

The price of Sui (SUI) faced rejection at the $4.18 resistance level, despite a broadly bullish crypto market. The large-cap altcoin, with a fully diluted valuation of approximately $39 billion and a 24-hour trading volume near $3.6 billion, fell nearly 10% on Thursday to around $3.90 in late North American trading.

Cetus Protocol Hack Hits Sui Ecosystem

On May 22, the Sui network suffered a significant security breach. Cetus Protocol, a major DEX and liquidity aggregator on Sui, reported a $223 million exploit involving manipulated liquidity contracts. Validators swiftly intervened, freezing $162 million to reimburse users. However, the attacker bridged over $60 million to the Ethereum network.

Short-Term Outlook and Price Targets

SUI maintains a macro bullish structure supported by the wider market rally since April. The recent rejection at $4.18 suggests a possible short-term pullback to $3.60. However, a successful breakout above $4.18 could set the stage for a rally toward $5.03. Technical indicators, including the rising daily MACD above the zero line, favor continued bullish momentum.
#Write2Earn
#BinanceSquareTalks
#Lrarn2Earm
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