CandleFocus SUI Set for 60% Rally After $40 Million Exchange Outflows
2024-12-03
Author: Content Editor
The native token of the Sui Network, SUI, has experienced a 14% rally and broken out of a bullish price action pattern, indicating a potential 60% rally to reach the $5.5 mark. The token's spot inflow/outflow data shows that exchanges have witnessed an outflow of over $40 million, suggesting that whales or investors are moving tokens from exchanges to their wallets. This positive sign has attracted more investors and traders, leading to a surge in trading volume and increased participation. With bullish technical indicators and strong whale activity, SUI is expected to continue its growth and potentially start a significant rally in the altcoin market.
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