SUI Shows Strength Amid Market Uncertainty, Builds Support Around $3.75
Despite ongoing global economic challenges and fluctuating trade dynamics, SUI has demonstrated notable resilience by maintaining an upward trajectory with steadily rising lows during the trading day.
The token traded within a range of $3.70 to $3.86, a 4.46% spread, supported by strong volume activity near the $3.755 level. This price action indicates robust demand and investor confidence at that support zone.
A surge of bullish momentum emerged later in the session, pushing SUI’s price up by nearly 2% on above-average volume and establishing clear resistance at around $3.85. The persistent pattern of higher lows throughout the day signals consolidation above $3.775, suggesting the token is gathering strength for a possible breakout.
Key Technical Points:
- SUI’s 24-hour trading range extended from a low of $3.70 to a high of $3.86.
- Volume during 17:00 to 18:00 surged past the daily average by 45%, reinforcing the support at $3.755.
- At 20:00, the price climbed 1.9%, aided by a spike in trading volume.
- Resistance formed near $3.85, while the token’s steady rise in lows hints at bullish sentiment.
- Volatility tapered off toward the end of the session, signaling price consolidation above $3.775.
- A notable buying wave occurred between 01:27 and 01:30, establishing a strong support zone with trading volumes exceeding 300,000 units per minute.
- Starting at 01:42, a bullish reversal took shape, creating a sequence of higher highs and lows.
- A breakout above $3.78 at 01:55 was followed by price stabilization near $3.785 with reduced volume.
Overall, SUI’s steady performance amid broader market fluctuations highlights its potential for further upward movement, as traders monitor these key support and resistance levels closely.
