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January 23, 2025

SUI Price Faces Challenges with $7 Rally Potential Amid Liquidation Concerns

SUI, the native token of the Sui blockchain, recently faced market turbulence, with over $15 million in long positions liquidated over three days. The price of SUI has dipped to $4.32, reflecting a nearly 5% decline in just 24 hours. Market watchers should closely observe this token as it maneuvers through a challenging landscape. While the potential for a rally up to $7 exists, investors must tread cautiously and analyze market indicators that could influence SUI’s trajectory moving forward.

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