✅ Sui (SUI): Poised for Breakout as ETF Speculation Heats Up
📊 Current Price: ~$4.13 (+10% in 24h) after rebounding from $3.69 and breaking multiple resistances. Volume surged ~146%, pushing trading volume above $2.2 billion.💥
🔍 Why This Rally Matters:
$25M in short contracts risk liquidations if price reaches $4.35, fueling potential upside.
TVL surged to $2.3 billion, indicating strong ecosystem traction and user activity.
SEC reviewing a spot SUI ETF proposal, which could attract institutional capital to SUI.
📌 Watch Zones:
🚧 Support: $4.12
🧱 Resistance/Breakout Zone: $4.35 → targeting $5+ if buyers step in.
📉 Warning: A drop below $4.12 may shift outlook to $3.70–$3.93.