SUI
experienced a turbulent 24-hour trading window marked by sharp intraday swings and heavier-than-usual trading activity.
What made the move more notable was the accompanying surge in 24-hour trading volume, which spiked 11% above the 30-day average. That level of participation amplified the volatility, with fast-moving price swings exposing both bulls and bears to whiplash moves. The rejection from $2.82 and failed attempts to retake that level set the stage for more cautious trading in the near term, the model showed.
Support around the $2.72–$2.75 region proved durable, with price bouncing off that range multiple times. As volume cools and consolidation tightens, SUI may enter a waiting period as traders reassess short-term direction following the failed breakout and unusually active session.
Technical Analysis Highlights
- SUI traded in a 7.3% range between $2.919 and $2.710 during the 24-hour window.
- Heavy selling struck at 08:00 as the price dropped 9.1% from $2.878 to $2.765.
- A bounce attempt around 18:00 sent SUI up 1.5% to $2.824 on volume of 1.4M.
- The rally was immediately reversed, with the price falling to $2.784 and confirming resistance near $2.82.
- Support held near $2.72–$2.75 despite multiple tests and consolidation throughout the session.
