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SUI Token Surges 21% Following Coinbase New York Listing Approval
Yahoo Finance· 2025-12-02 21:12
Group 1 - SUI rallied 21% after Coinbase confirmed that New York residents can trade the asset, leading to significant buying pressure and outperforming rival altcoins [1][4] - The Coinbase listing coincided with SUI's $86.86 million token unlock, which typically would create bearish pressure, but instead accelerated bullish sentiment [2] - SUI's unlock is the largest among upcoming releases this month, surpassing Aster's $86.84 million unlock and others like LayerZero and Pump.fun [3] Group 2 - SUI's price breakout above $1.6 marked the first time in nearly three weeks it surpassed the Keltner mid-band, with the next resistance at $1.9 [5] - The rally increased SUI's RSI to 44.41, indicating early trend rotation rather than overextension, with a decisive close above $1.92 needed to invalidate the November downtrend [6] - The main support level for SUI is at $1.32, which aligns with the lower Keltner boundary; losing this level could lead to a continuation of the November sell-off [7]