【Crypto World】This week, Sui's performance is quite interesting—over $17.17 million worth of tokens redeemed from exchanges. Such significant outflows often indicate that institutions or large holders are accumulating at lower levels. The price has also been quite strong, rising 6.35%, currently at around $1.64.
There are two main catalysts behind this: first, being included in the Bitwise 10 Crypto Index ETF (BITW), which has decent recognition; second, market sentiment is indeed warming up, with traders' bullish outlooks quite high.
From a technical perspective, short-term liquidation levels are pinned at $1.512 and $1.694. To manage risk, these levels should be watched closely. However, if the daily chart can hold above $1.75 and close, it could trigger a stronger rally—based on the current technical pattern, the upside potential could reach around $2.20, an increase of nearly 26%. Of course, the premise remains that the price can effectively hold above these levels