SUI quietly being "scooped up"? After $17 million in accumulation, $2.20 becomes the key level🚀
In the past week, over $17.17 million #sui flowed out of exchanges, clearly indicating that funds are accumulating at lower levels. Coupled with being included in the Bitwise 10 Crypto Index ETF (BITW), market sentiment has clearly improved.
📊 The key range is very clear:
Support is concentrated at $1.51, while resistance is at $1.69. Currently, long leverage is about $17.6 million, while short positions are noticeably lower, with longs in a favorable position. Additionally, with continuous outflows in the spot market, the structure remains strong.
📈 From a technical perspective, as long as the daily price stays above $1.75, momentum is expected to continue to release, targeting $2.20 (+26%).
Although the volume is cautious, the structure, capital, and sentiment are aligned, and SUI is preparing for the next market move
