Sui (SUI) price surges again after a strong rebound, a $6 target is within reach!

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The native token of the decentralized smart contract platform Sui (SUI) reached an all-time high of $4.96 earlier this week, but then experienced a sharp correction of nearly 30%, dropping to $3.49. However, SUI quickly rebounded and is currently stabilizing at $4.55, up 12.8% from its low.

SUI's volatility has attracted market attention

Unlike Bitcoin (BTC) and Ethereum (ETH), which fell due to Federal Reserve interest rate decisions, the sharp volatility of SUI has drawn significant attention from investors. According to data, nearly $14 million in long and short positions were liquidated on centralized exchanges, indicating sustained market heat. Additionally, Sui's net inflow over the past three months ranks third, approaching $1 billion, showcasing its strong market appeal.

The $6 target looks within reach

With the strengthening market momentum, analysts are optimistic about SUI's future. Renowned analyst Michael van de Poppe indicated that SUI's technical chart shows a strong upward trend, and he believes the token may rise further, with a target price of $6. Technical analyst Rekt Capital also believes that SUI has successfully broken through and completed a retest, which may attract Bitcoin liquidity in the future, thereby driving prices upward.

After a brief correction, SUI continues to show strong market performance and is likely to break through the $6 barrier. With the restoration of investor confidence and the ongoing enhancement of the ecosystem, SUI's bullish outlook for the future is very strong.

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