SUI Shows Strong Recovery Amid Market Volatility, Builds Higher Lows
Despite ongoing global economic tensions and changing trade policies impacting crypto markets, SUI has demonstrated notable resilience, recovering steadily through the trading day.
The token traded within a 4.46% range, moving between $3.70 and $3.86, with solid volume support forming near the $3.755 mark.
A clear surge in bullish momentum was observed as the price climbed 1.9% on above-average volume, setting resistance around $3.85. Throughout the latter trading session, SUI consistently formed higher lows, indicating healthy consolidation above the $3.775 support level.
Technical Highlights:
- Over a 24-hour period, SUI fluctuated between $3.70 and $3.862, a 4.46% trading range.
- Strong accumulation activity occurred near $3.755 between 17:00 and 18:00, with volume surpassing the daily average by 45%.
- A significant bullish move took place around 20:00, with the price increasing 7.2 cents (1.9%) on elevated volume levels.
- Resistance solidified at $3.85 as higher lows emerged through the day’s second half.
- Reduced volatility in the final hours points to a consolidation phase above $3.775.
- Between 01:27 and 01:30, heavy buying pushed volume to over 300,000 units per minute, reinforcing support near $3.756-$3.760.
- A decisive bullish reversal began at 01:42, with a series of higher lows and highs forming.
- The price broke above $3.78 at 01:55 before settling near $3.785 as volume tapered off.
This price action suggests SUI is gathering strength for a potential breakout, though traders remain watchful for confirmation signals in the coming sessions.
