SUI surged over 20% in the last 24 hours, possibly driven by positive news such as Coinbase opening SUI trading to New York residents.
AI Summary1 min read
TL;DR
SUI surged over 20% in 24 hours, outperforming the crypto market, driven by Coinbase opening trading in New York and positive technical factors.
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SuiLayer 1Binance LaunchpoolSUICoinbasecryptocurrencyprice surgemarket analysis
According to Mars Finance, on December 3rd, Sui (SUI) surged 20.96% in the past 24 hours, significantly outperforming the overall crypto market's 6.18% gain. CoinMarketCap AI analysis indicates that key driving factors included: • Coinbase opening SUI trading services to New York residents, triggering a market sentiment reversal and a buying frenzy; • The price breaking through key technical resistance levels, further fueling the upward momentum; • The token unlocking was successfully absorbed by the market, without the anticipated bearish selling pressure.