4 hours ago
SUI SUI experienced a turbulent 24-hour trading model marked by crisp intraday swings and heavier-than-usual trading activity. After initially plunging to $2.71, the token mounted a little rally toward $2.92 earlier encountering beardown absorption adjacent $2.82. That portion capped the recovery, triggering a swift reversal that dragged prices backmost toward the $2.78–$2.79 area.
What made the determination much notable was the accompanying surge successful 24-hour trading volume, which spiked 11% supra the 30-day average. That level of information amplified the volatility, with fast-moving terms swings exposing some bulls and bears to whiplash moves. The rejection from $2.82 and failed attempts to retake that level acceptable the signifier for much cautious trading successful the adjacent term.
Support astir the $2.72–$2.75 portion proved durable, with terms bouncing disconnected that scope aggregate times. As measurement cools and consolidation tightens, SUI whitethorn participate a waiting play arsenic traders reassess short-term absorption pursuing the failed breakout and unusually progressive session.
Technical Analysis Highlights
- SUI traded successful a 7.3% scope betwixt $2.919 and $2.710 during the 24-hour window.
- Heavy selling struck astatine 08:00 arsenic the terms dropped 9.1% from $2.878 to $2.765.
- A bounce effort astir 18:00 sent SUI up 1.5% to $2.824 connected measurement of 1.4M.
- The rally was instantly reversed, with terms falling to $2.784 and confirming absorption adjacent $2.82.
- Support held adjacent $2.72–$2.75 contempt aggregate tests and consolidation passim the session.
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