@waquar
Sui (SUI) Update – May 16, 2025
Sui (SUI) is currently trading at $3.90, reflecting a 3.5% increase over the past 24 hours. The token boasts a market capitalization of approximately $13 billion, positioning it among the top 15 cryptocurrencies by market cap.
Recent developments include a reaffirmed partnership with 21Shares, aiming to expand SUI’s adoption. Additionally, SUI’s Total Value Locked (TVL) has surged by 70%, indicating growing confidence in its ecosystem.
However, technical indicators suggest caution. A rising wedge pattern has formed, and a breakdown could see prices retreat to around $3.13.
Investors should monitor these developments closely, balancing the bullish fundamentals with potential technical pullbacks.
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