š$SUI Market Overview
Current Price: ~$3.00 USD
24āÆh Change: +5.63% (~+$0.16)
24āÆh Range: $2.81 ā $3.03 USD
š Today's Drivers & Trends
ETF Buzz: The 21Shares spot SUI ETF filing sparked a strong rally from the $3.10 support level, suggesting a shift toward institutional-grade demand .
DeFi & TVL Growth: Suiās Total Value Locked has surged past $1.76āÆbillion, with stablecoins and wBTC stables increasing, bolstering network liquidity .
Bullish Technicals: SUI is forming a bullish descending wedge on the 4-hour chart, aiming to break the $3.32ā$3.36 resistance; above that, the next targets are $3.41 and $3.70 .
Whale & Flow Data: SUI attracted $11.7āÆmillion in altcoin ETF inflows last weekāoutpacing Ethereum and Solanaāand whale/retail interest remains strong .
š Levels to Watch
Level Significance
$2.81ā3.00 Strong support zone; recent bounce highlights investor conviction
$3.32ā3.36 Nearāterm resistance from wedge pattern; pivotal for next move
$3.41ā3.52 Highāvalue EMA bandākey breakout zone for extension to $3.70+
$3.70 Target if wedge breakout leads to trend continuation
š® Outlook Summary
Bullish Case: A confirmed breakout above $3.36 could ignite a rally toward $3.70, and next to $5, driven by ETF momentum and DeFi strength.
Bear Risk: A drop below $2.81 might test $2.50, especially if ETF approval stalls or broader market pullback occurs.
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