SUI Rebounds From Key Support as Nasdaq-Listed Lion Group Eyes Treasury Purchase

Sui (SUI) SUI is trading astatine $2.6481, down 2.03% successful the past 24 hours, aft rebounding from the $2.58–$2.60 enactment scope during the June 26–27 session, according to CoinDesk Research's method investigation model.

The bounce followed a steep intraday diminution from $2.70 to $2.58 but was supported by renewed measurement and improved sentiment tied to organization interest.

A cardinal improvement came via Lion Group Holding Ltd. (LGHL), which connected June 26 announced its volition to get SUI tokens arsenic portion of a broader $600 cardinal crypto treasury strategy.

In a property release, the Singapore-based Nasdaq-listed steadfast confirmed a $2 cardinal acquisition of HYPE tokens astatine an mean terms of $37.30, marking the archetypal strategical acquisition nether this program. The institution besides said it intends to usage aboriginal proceeds from its convertible debenture installation to acquisition SOLand SUI.

CEO Wilson Wang described HYPE arsenic a "foundational execution-first asset" and said LGHL views it arsenic halfway infrastructure for the aboriginal of superior markets. The steadfast plans to usage astatine slightest 75% of the nett proceeds from each closing of its convertible installation for token acquisitions, including SUI, and the remainder for broader crypto operations and moving capital.

Lion Group operates a multi-asset trading level offering services specified arsenic full instrumentality swaps (TRS), contracts-for-difference (CFDs), OTC banal options, and brokerage for securities and futures. The steadfast emphasized its increasing committedness to layer-1 blockchain ecosystems and said it volition proceed updating the marketplace connected further treasury reserve developments.

This announcement follows heightened enactment successful the SUI ecosystem, including beardown buying astatine the $2.60 level and a late-session V-shaped betterment connected elevated volume, which helped propulsion the token toward its existent price. Analysts stay cautious, noting absorption astir $2.66, but short-term sentiment appears to person improved.

Technical Analysis Highlights

• SUI traded wrong a 24-hour scope of $2.58 to $2.70, showing a 4.5% diminution from highest to trough.
• A impermanent bottommost formed astatine $2.58 during the 21:00 UTC league connected June 26, followed by accumulation signs.
• Multiple rejection wicks emerged adjacent $2.66, confirming short-term absorption during the 09:00–11:00 UTC model connected June 27.
• A insignificant bullish reversal signifier appeared from 07:51 to 08:24 UTC connected June 27, with a 0.9% betterment from $2.61 to $2.63.
• A series of higher lows developed from 01:00 to 08:00 UTC connected June 27, signaling gradual displacement successful momentum.
• Volume spiked 18% supra the 24-hour mean during the betterment signifier starting 08:00 UTC connected June 27, reinforcing enactment astatine $2.60.

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