Altcoins News
By Dan Saada
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Sui (SUI) is beginning to stand out in the crowded crypto market as new data reveals significant capital inflows and rising speculative interest.
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In the past 24 hours, SUI recorded the largest stablecoin inflow among all major blockchain networks, drawing in over $6.1 million.
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These stablecoin inflows are not just numbers—they represent ready-to-deploy liquidity, often referred to as “dry powder.
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On top of the inflows, SUI’s Open Interest (OI) in the derivatives market surged by more than 30%, reaching approximately $785 million.
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From a technical standpoint, SUI is shaping up for a possible breakout. On the daily timeframe, the token appears to be forming a cup and handle pattern—a structure commonly…
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However, this breakout has yet to be confirmed. Without a solid close above $2.23, the pattern remains unvalidated.
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In the derivatives space, there has also been a notable liquidation of long positions, with nearly $860,000 in longs wiped out compared to around $269,000 in shorts.
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Adding to the bullish case, SUI’s funding rate has turned positive, currently sitting around 0.0087%.
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With capital flowing in, speculative positions rising, and a favorable chart structure forming, the setup for SUI looks increasingly optimistic.
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In summary, SUI is gaining serious traction among traders and investors. If the current momentum carries through key resistance, the token could be poised for a much larger move…
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