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Gat
Sui has significantly accumulated over $17 million this week, and technical analysis suggests a potential 26% upside.
【Crypto World】This week’s performance of Sui is quite interesting—over $17.17 million worth of redemptions from exchanges. Such significant outflows often indicate that institutions or large investors are accumulating at lower prices. The price has also been quite strong, rising 6.35%, now at around $1.64.
There are two main catalysts behind this: first, being included in the Bitwise 10 Crypto Index ETF (BITW), which has gained decent recognition; second, market sentiment is indeed warming up, and bullish voices among traders are quite prominent.
From a technical perspective, short-term liquidation levels are at $1.512 and $1.694. To manage risk effectively, these levels should be watched closely. However, if the daily chart can hold above $1.75 and close there, it might trigger a stronger upward move—based on current technical patterns, the upside potential could reach around $2.20, nearly a 26% increase. Of course, this depends on the price effectively breaking through and stabilizing above these levels.