🚀📉 Will $SUI Price Recover Above $5 After Hitting ATH This Week? 🔥💹

📊 SUI Faces Resistance After Hitting $5.36 ATH
Sui (SUI) surged to an all-time high of $5.36 on January 6, 2025, but has since corrected by 14.04% amid Bitcoin's drop below $96K. Currently trading at $4.56, SUI is down 8% in the past 24 hours. The $4.80 level now serves as key support, with resistance at $5 blocking further upward momentum.

📉 Bearish Market Adds Pressure
If SUI breaks above $5, it could retest its ATH of $5.35 and potentially climb to $6. However, failure to hold current support might push the price toward $4.50 or even $4. Market sentiment remains cautious due to Bitcoin's broader correction.

🐋 Whale Liquidation Threat Looms
A major whale deposited 4.1M SUI ($19.3M) and borrowed $14.4M stablecoins on Suilend. The liquidation threshold is set at $4.56, meaning any further dip could trigger a $20M liquidation event, intensifying selling pressure.

🔗 Sui Network’s DeFi Growth Remains Strong
Sui Network’s Total Value Locked (TVL) hit a record $1.85 billion, reflecting growing demand. Strategic partnerships with VanEck, Grayscale, and Franklin Templeton continue to boost network liquidity and adoption across DeFi applications.

🚀 What’s Next for SUI?
SUI’s price future depends on reclaiming $5 and holding above key supports. Despite short-term volatility, strong fundamentals and institutional backing suggest long-term growth potential if market conditions stabilize.