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Sui ($SUI) Bullish Breakout, $5 Target in Sight as Volume Soars 128.51%

2025-07-10 16:32:47

Main Idea

Sui Network ($SUI) is experiencing significant growth in price, trading volume, and institutional adoption, with technical analysis indicating a bullish breakout and potential price target of $5.

Key Points

1. $SUI surged 9.12% in 24 hours, reaching $3.22, with a 128.51% increase in trading volume, reflecting strong market interest.

2. Sui's total value locked (TVL) grew from $25 million at launch to over $1.9 billion, with 31.23 million active wallets as of November 28, 2024.

3. Bluefin launched high-frequency trading (HFT) capabilities on Sui Network, boosting institutional interest, while Grayscale endorsed Sui as a potential base layer for crypto's next 'killer app'.

4. Technical analysis shows a bullish rounded base breakout, with $SUI breaking past $3.23 and next resistance levels at $3.40-$3.50, supported by strong volume and MACD confirmation.

5. Upcoming token unlocks include 49.5 million $SUI (0.5% of total supply) on August 3, 2025, valued at an estimated amount not specified in the text.

Description

The Sui Network is rapidly emerging as one of the most dynamic Layer-1 blockchains in 2025, showcasing impressive growth in price, trading volume, ecosystem expansion, and institutional adoption. Over the past 24 hours, $SUI surged by 9.12%, currently exchanging hands at $3.22 , accompanied by a remarkable 128.51% increase in trading volume. This surge reflects strong market interest and growing confidence. Source: CoinMarketCap Ecosystem Momentum Meets Institutional Confidence Sui is a high-per...

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$SUI
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+12.30%

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