Breaking: $SUI Short Liquidation Rocks the Market!
A staggering $107,000 worth of $SUI shorts has been liquidated at the critical price of $4.274, shaking up the crypto landscape and sending shockwaves through traders!
Key Highlights:
1. Short Liquidation: This major liquidation showcases significant buying pressure, with bears caught off-guard by SUI's powerful surge.
2. Key Price Level: The action at $4.274 marks a decisive move, breaking resistance and igniting bullish momentum.
3. Market Dynamics: Liquidations of this magnitude often lead to amplified volatility, potentially setting the stage for explosive price movements.
What This Means:
Bullish Signal: Such large-scale liquidations are a strong indication of upward momentum.
Next Resistance Levels: Watch for $4.50 and beyond as $SUI 's rally could attract more buyers.
Caution: Volatility may spike