SUI has seen robust inflows of $6.1 million in stablecoins, the highest across blockchain platforms in the last 24 hours. This influx is a clear indication of growing investment confidence in SUI.
Open interest surged by 30.64%, totaling $785.35 million, pointing to increased speculative activity. Traders seem to be preparing for price volatility, contributing to a positive market sentiment.
SUI is currently trading at $2.16, with a critical resistance level at $2.23. If surpassed, there is a targeted price of $2.80. Positive funding rates also indicate a potential price recovery.
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