#SUİ $SUI faced major overnight turbulence, crashing from $3.59 to $3.38, but sharp-eyed buyers stepped in right at the $3.40 support zone, signaling some serious strength beneath the chaos.
So, what triggered this wild move? Let’s break it down 👇
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🔒 Cetus Protocol Hack: Recovery in Motion
The big news in the SUI ecosystem:
Cetus Protocol, recently hacked for $223 million, just got 90%+ validator approval to return $162 million in frozen funds.
That’s huge for community trust — and might explain why buyers didn’t let SUI fall further.
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🌍 Global Tensions = Market Fear
Meanwhile, US-China trade talks are stalling, and that’s creating risk-off vibes across crypto. Traders are nervous, and it’s showing in price action.
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📊 Technical Snapshot
$SUI plunged 6.25% in hours with explosive volume (24.8M).
Found strong support at $3.40-$3.42 as buyers stepped in.
Resistance now sits around $3.44-$3.48, forming a tight range.
Price is bouncing inside a small channel, signaling indecision — a breakout could be coming soon.
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⚡ Final Take
$SUI got hit hard, but the bounce shows bulls aren’t done yet. With recovery plans in motion and support holding strong, this might be a dip worth watching.
📈 Will SUI break above $3.50 next?
💬 Let me know your take in the comments!
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