SUI Establishes Trading Range with Bullish Momentum Above $3.75 Support
Global economic tensions and trade policy shifts are impacting cryptocurrency markets, with SUI showing notable resilience.
SUI established a trading range of 4.46% between $3.70 and $3.86, supported by strong volume at $3.755. A bullish momentum was noted with a 1.9% price increase, reaching resistance at $3.850. The formation of higher lows indicates consolidation above the $3.775 support level.
Technical Analysis Highlights
- SUI's 24-hour trading range was 0.165 (4.46%) from $3.700 to $3.862.
- Strong volume support was observed at $3.755, exceeding the average by 45% during hours 17-18.
- A bullish surge of 1.9% occurred in the 20:00 hour on above-average volume.
- Resistance was set at $3.850 with higher lows forming later in the day.
- Decreasing volatility suggested consolidation above the $3.775 support level.
- High buyer interest formed a support zone at $3.756-3.760, with volumes over 300,000 units per minute between 01:27-01:30.
- A bullish reversal began at 01:42, leading to higher lows and highs.
- A breakout above $3.780 took place at 01:55, followed by consolidation near $3.785 with decreasing volume.