$SUI Here are the latest key updates on Sui (SUI):
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đ SUI's Strong July Rally
SUI has surged 44% in July, trading near $3.90, significantly outperforming other Layerâ1 coins and even outpacing Bitcoin gains .
Recently, it retook the $4 level following a breakout from a fallingâwedge formation, supported by rising demand indicators like CMF and 20âday EMA .
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âď¸ Technical Breakouts & DeFi Growth
A bullish inverse head-andâshoulders pattern pushed SUI above $3.50, targeting $3.89, aided by tBTC integration on Bluefin adding nearly $1âŻM in TVL .
Integrations like tBTC and growing DeFi usage continue to reinforce traction .
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đ Price Predictions & Forecasts
CoinCodex forecasts, after recent highs over $4, that SUI may drop to $3.06 around July 23, though sentiment remains bullish .
Cointelegraph projects SUI could reach $5, as altcoin season drives interest and capital rotation .
CoinDCX expects a consolidation range of $3.75â$4.20 short-term, with potential to extend to $4.75â$5.00 by end of July .
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𧊠Ecosystem & Adoption
Suiâs total value locked (TVL) has now exceeded $2.25 billion, reflecting its summertime development surge .
Grayscale's research highlights SUI as one of the top-performing assets since 2024, even outperforming Ethereum and Solana .
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đ´ Risks & Cautions
Analysts warn of a possible roundâtop reversal forming, with slowing momentum, increased sell-pressure from whales, and signs of profit-taking .
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đ Summary
Category Short-Term View Mid-Term Forecast
Price Action Volatile: retook $4 but resistance ahead Could dip to ~$3.06 soon
Technical Setup Bullish breakout signals in place Targeting up to $5
On-Chain Growth tBTC integration & TVL surge Developer activity strong
Risks Profit-taking & round-top threats Watch support around $3.50â$3.75
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đ§ What to Watch
Short-term: Will SUI hold near $4 or slip toward $3.50â$3.75 support?
Medium-term: Altcoin momentum may push it to $5+ if technical trends and ecosystem growth continue.
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