Short Squeeze Alert: $SUI Shorts Liquidated for $107K at $5.116!
The bulls flexed their strength as $107,000 worth of $SUI short positions were liquidated at $5.116, pushing prices higher and shaking the bears.
What Triggered the Liquidation?
1. Bullish Surge: $SUI saw a strong influx of buyers, breaking past resistance levels and trapping shorts.
2. Short Squeeze: The forced liquidation added fuel to the rally, intensifying upward momentum.
Key Levels to Watch for $SUI
Support Zone: $5.10—a critical level to maintain bullish control.
Resistance Zone: A breakout above $5.20 could pave the way for even stronger gains.
Market Sentiment
This significant short liquidation shows that bulls are in control. Will the momentum carry sui to new highs, or will the market cool off? Keep an eye on these levels as volatility remains high!