đš $SUI Rally Gains Momentum â Could It Continue? Three Key Factors to Watch! đš
Sui (SUI) is riding a wave of bullish momentum, trading at $1.9 as we start the new month. Several strong indicators suggest that this rally could continue:
Record TVL: SUI's Total Value Locked (TVL) has hit a new all-time high of $1.05 billion, signaling increased activity in the Sui ecosystem. đčRising Open Interest: Futures' Open Interest (OI) surged to $553.82 million, the highest since May, indicating fresh money entering the market and driving new buying. đ
Increased Blockchain Usage: Daily Active Addresses have doubled, reaching 1.6 million, showing growing demand for Suiâs blockchain.
â ïž Alert: With strong on-chain data backing this rally, investors should stay vigilant. These bullish signals could lead to further upside for SUI in the days ahead!
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