Sui ($SUI ) shows confident growth, liquidating a short position worth $113,000 at the $3.527 level.
📊 What happened?
Sharp price rally: SUI made an upward surge, forcing short traders to take losses.
Short Squeeze: Liquidation at this level has increased buying momentum and pushed the price even higher.
📈 Market Impact:
Bullish Trend: Such liquidations help to increase buying pressure, opening the way to new highs.
Sentiment Change: Massive short liquidation strengthens bullish sentiment among traders.
🔮 What to expect next?
SUI may continue to rise, testing resistance levels around $3.55. Traders should take volatility into account and keep an eye on key support levels. 🚀