Global economic tensions and evolving trade policies continue to shape the cryptocurrency landscape, with SUI demonstrating notable strength amid market fluctuations. Over recent trading sessions, SUI has maintained a steady range, fluctuating within a 4.46% band between $3.70 and $3.86, supported by robust trading volume at the $3.755 level. A strong bullish surge occurred at one point, with the price climbing by 1.9% on higher-than-average volume, establishing resistance at $3.85. Throughout the latter part of the day, the formation of higher lows indicates consolidation above the key support level of $3.775, signaling potential bullish momentum.
**Technical Highlights for SUI:**
– Trading range of 0.165 (4.46%) between $3.70 and $3.86 over 24 hours
– Volume support sharply increased at $3.755 during the 17-18 hour window, with trading exceeding the daily average by 45%
– Notable upward movement at 20:00, with a 7.2-cent jump (1.9%) on above-average volume
– Resistance level set at $3.85, with higher lows forming later in the day, indicating ongoing consolidation
– Final hours show decreasing volatility, reinforcing support above $3.775
– Between 01:27-01:30, high-volume buy interest created a strong support zone at $3.756-$3.760, with trading exceeding 300,000 units per minute
– Bullish reversal momentum gained strength at 01:42, leading to higher lows and highs, breaking above $3.780 at 01:55, then consolidating near $3.785 on declining volume
This pattern suggests that SUI is currently consolidating before a potential breakout, with solid buyer interest and technical support underpinning the move. Traders and investors should watch for continued higher lows and a break above resistance levels for confirmation of bullish momentum.
Stay tuned for more updates on cryptocurrency market trends and analysis.
