CandleFocus SUI Crypto’s Active Addresses Double As Liquidations Surge
2025-03-02
Author: Content Editor
The SUI crypto has tested a descending trendline three times but has been rejected each time. However, traders are now anticipating a potential 16% rebound to $3.40, which could indicate a significant shift in momentum. The current price of SUI is around $2.99, with strong support near $2.63. If SUI breaks past the resistance of the trendline, bullish sentiment could strengthen, pushing the price towards $3.40. SUI's network activity, as indicated by daily active addresses, has nearly doubled compared to BASE, suggesting growing adoption and engagement. Increased liquidations also imply heightened volatility, which may lead to a decisive move. If SUI breaks free from its downward trend, it could establish itself as a leading blockchain platform. The spike in daily active addresses reflects real utility and engagement, not just speculative interest. Furthermore, the surge in liquidations and volatility could set the stage for a bullish reversal, with the potential for a sustained rally if buying pressure continues. The next few days will be crucial for SUI's price action.
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