Short Liquidation Alert: $SUI Shorts Crushed for $55.4K at $4.812!
A bullish breakout in $SUI saw $55,400 worth of short positions liquidated as the price surged to $4.812, leaving bears scrambling to cover.
What Sparked This Move?
1. Bullish Momentum: Increased buying pressure drove $SUI beyond resistance levels, triggering a short squeeze.
2. Liquidation Amplification: Forced closures of shorts fueled the rally further.
Key Levels to Watch for $SUI
Support Zone: $4.80 could provide a solid floor for continued upward momentum.
Resistance Zone: A breakout above $4.85 might open the path to even higher levels.
Market Sentiment
The significant short liquidation indicates strong bullish interest. Will the rally sustain its pace, or is a cooldown imminent? Traders should stay alert as volatility remains elevated!