The SUI token is showing signs of a strong comeback after a recent Cetus exploit shook the network. A bullish wedge breakout is now pushing SUI toward the $4 mark.

šŸ”Ž What Happened?

  • A Cetus protocol attack caused a drop in SUIā€™s price and network activity.

  • But now, SUI is recovering, with both the price and network data moving up.

  • The coin has broken out of a falling wedge, a bullish signal on the chart.

šŸ“ˆ SUI Price Analysis

  • SUI is now trading near $3.45, which is a key Fibonacci resistance level.

  • The price has already bounced from $3, showing a V-shaped recovery.

  • A 2% pullback happened recently, but the trend is still strong.

Indicators say:

  • āœ… Supertrend: Bullish

  • āœ… ADX (25): Strong trend building

  • āœ… Next goal: Break $3.45 to reach $4.00, then maybe $4.29

  • ā— Support: $3.22, $3.00, and deeper support at $2.71

šŸ§  Expert Opinions

šŸ“Œ Michael van de Poppe:

  • Says SUI is a ā€œcore partā€ of the next bull run

  • Notes SUI is #8 in TVL (Total Value Locked) across all blockchains

  • SUI LEND, its lending protocol, has jumped 90% in one month

  • TVL now over $700 million, with 10% from Bitcoin-related assets

šŸ§© ETF Buzz

  • Big firms like Grayscale are showing interest.

  • ETF filings suggest institutional trust in SUI.

šŸ”ŗ CryptoKaleo:

  • Compares SUIā€™s comeback to Solanaā€™s past recovery

  • Says FUD (fear, uncertainty, doubt) often means a buying chance

  • Highlights a triangle pattern on the SUI chart, pointing to an upside breakout

āœ… Cetus Protocol Is Back Online

  • The Cetus protocol is live again.

  • A vote-backed recovery plan is in action.

  • Compensation is planned for users who lost funds.

Disclaimer: This article is for information only, not financial advice. Always do your own research before investing. We are not responsible for financial losses.

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