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- Trending TopicsView More
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Sui is showing impressive momentum this December! Despite a massive token unlock of approximately $85 Million on December 1st, the price hasn't crashed—instead, it's trending upward. Here is why the market is bullish:
Why is SUI Trending?
Absorbing the Supply Shock: Usually, large unlocks lead to a dump, but SUI is defying the trend. Buyers are stepping in aggressively, absorbing the new supply.
Mysticeti V2 Upgrade: The recent mainnet upgrade has significantly boosted transaction speeds and lowered latency. Fundamental tech improvements are driving investor confidence.
Price Action Watch: SUI is currently trading in the $1.50 - $1.60 zone. Technical analysts suggest that if we break the $1.68 - $1.80 resistance, a major rally could follow.
📉 Caution:
The market remains volatile. Keep an eye on Bitcoin's movement. A drop below $1.40 could signal a short-term bearish trend.
💡 What do you think?
Can Sui eventually flip Solana? are you buying here or waiting for a deeper dip? Let me know in the comments! 👇
#Sui #Crypto #DeFi #AltcoinSeason #SuiNetwork
$SUI