SUI Trading Volume Surges 11% as Price Experiences Wild Swings
SUI experienced significant volatility in a 24-hour trading period, with the price fluctuating sharply. Key movements included:
- Initial drop to $2.71 followed by a rally to $2.92.
- Strong resistance around $2.82 capped recovery, leading to a reversal back to $2.78–$2.79.
- 24-hour trading volume surged 11% above the 30-day average, contributing to price swings.
- Support held firm around $2.72–$2.75, with multiple bounces off this range.
Technical insights include:
- SUI traded within a 7.3% range between $2.919 and $2.710.
- A notable drop of 9.1% occurred at 08:00, from $2.878 to $2.765.
- A bounce at 18:00 raised SUI by 1.5% to $2.824 on 1.4M volume.
- Resistance confirmed near $2.82 after a subsequent fall to $2.784.
With increased caution expected, SUI may enter a consolidation phase as traders reassess market direction.