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SUI Surpasses $3 Mark, Long-Term Indicators Signal $100 Price Target
- SUI rises 3.51% today, recovering from a recent 7.30% weekly decline.
- Analysts suggest a potential rise to $100 if the price maintains above $3.
- Real Vision partnership and zkLogin innovation increase usability, attracting users and enhancing ecosystem engagement.
- SUI ETF speculation sparks investor interest, but regulatory approval uncertainty persists amid market caution.
- SUI trades at $3.08 today, with a market cap of $10.48 billion and a 24-hour volume of $778.13 million.
- Continuous market activity signals new buyer demand despite recent bearish pressure.
- Technical analysts foresee a potential breakout towards a speculative $100 target, supported by ascending trendlines and on-chain volume.
- Total Value Locked in Sui surges, reinforcing bullish sentiment with a 190% year-to-date increase.
- Increasing DeFi participation and game dApp adoption drive growth on Sui's scalable platform.
- Ecosystem growth, Real Vision integration, and zkLogin drive interest, while 21Shares SUI ETF filing awaits SEC approval.
- Caution is advised due to the absence of proven institutional participation and regulatory uncertainty.
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