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.

SUI-1.69%
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GasOptimizervip
· 12-13 04:10
Over $17 million in outflows. This accumulation phase is serious; big players are playing chess. Confident about the 1.75 level. If it stabilizes, it will head straight to 2.2. Isn't a 26% return attractive? By the way, Bitwise's support is really effective; at least market recognition has increased. 1.512 must hold; if it breaks, stop-loss is necessary. Don't be stubborn. Sui's recent movement is indeed promising. Let's wait and see if the daily chart can show some strength.
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ThesisInvestorvip
· 12-13 04:10
Large institutions are accumulating at low levels, with ETF support. This rhythm feels a bit familiar... If it stabilizes at 1.75, 26% is not a dream, but whether it can really take off depends on whether market sentiment can hold up.
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RuntimeErrorvip
· 12-13 04:09
With a redemption scale of 17.17 million, this move... It seems institutions really have no complaints. --- 26% room sounds great, but the key is whether it can hold steady at 1.75; don’t let it become a flash in the pan again. --- Bitwise's inclusion was originally a signal, plus large investors absorbing positions, Sui might really have a chance this time. --- Keep a close eye on the 1.512 and 1.694 levels; I don’t want to get cut. --- A 6.35% rise and then starting to boast about 26%; this rhythm... better to stay steady first. --- Such obvious liquidation levels, it feels more like a setup? --- I believe in a mood turn for the better, but it depends on whether it can break out later; don’t want another plunge. --- Sui has been really resilient this week, absorbing positions from lows to breakouts, the rhythm is quite good. --- The question is, can it hold at 2.20? Past experience tells me... it's uncertain. --- Exchange funds fleeing combined with bullish sentiment—this combo punch is quite interesting.
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ChainSherlockGirlvip
· 12-13 04:09
17.17 million USD massive withdrawal, this round of accumulation play is truly spectacular. What are the big players thinking? Based on my analysis, stabilizing above the 1.75 threshold is set to take off, but honestly, the 26% room sounds a bit risky. We need to see how on-chain wallets move firsthand. Bitwise approval + positive sentiment turning warm make a good combo, but don’t be brainwashed by the rally. Keep a close eye on the two liquidation levels at 1.512 and 1.694. Why does it seem like the big players are waiting for some signal? Is it genuine accumulation or just draining liquidity? To be continued. Interestingly, this is when it’s easiest to get caught in a trap. A risk reminder: don’t go all-in, friends.
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LayerZeroHerovip
· 12-13 03:55
Large institutions are accumulating, this signal is still decent; it depends on whether it can hold steady above 1.75.
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MidnightTradervip
· 12-13 03:51
Large institutions are accumulating at lows. The signals this time are quite clear. Once it stabilizes above $1.75, it will be interesting.
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