$SUI Market Update: Short Liquidation Hits $8.216K at $2.3682
A major short liquidation event worth $8.216K occurred near the $2.37 mark, signaling that bearish traders were overpowered as buyers pushed the price higher. The strong liquidation cluster indicates a possible short squeeze, showing growing demand and market confidence.
Technical Overview:
Support Zone: $2.30 – $2.35
Resistance Zone: $2.42 – $2.48
Momentum: Slightly bullish, recovering from a dip
Market Sentiment:
SUI has been consolidating after recent volatility, and this liquidation at $2.3682 hints that the downside pressure may be weakening. If price action holds above $2.35, a new wave of bullish momentum could target higher resistance levels.
Trade Strategy:
Buy Entry: Around $2.34 – $2.36 (on confirmed support retest)
Sell Targets: $2.44 – $2.48
Stop-Loss: Below $2.30
Next Move:
Maintaining strength above $2.35 could invite fresh long entries and trigger momentum toward $2.50+. A break below support, however, may reset the trend toward $2.28.
Quick Take:
Bulls are gradually reclaiming ground — SUI is showing resilience with strong liquidity defense. Keep an eye on price stability above $2.35 for potential continuation plays.
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