Heavy Selling Hits SUI—Token Falls 3.4% as $2.60 Support Crumbles

SUI Drops Below Key Support as Trading Volume Surges 180%

SUI fell 3.4% over the past 24 hours to $2.53 after breaking below its key $2.60 support level in late Tuesday trading, with the decline amplified by a sharp increase in volume.

CoinDesk Analytics data showed trading activity spiking 180% above average, as volume exceeded 25.4 million tokens. Nearly 2.7 million SUI were exchanged in a single minute, suggesting algorithmic or institutional selling triggered by stop-loss liquidations.

The move followed multiple failed attempts to reclaim the $2.60 level, with resistance remaining firm around $2.66. A sharp rejection near $2.577 accelerated the selloff, driving prices quickly toward $2.527 as momentum shifted decisively bearish.

No major headlines or fundamental catalysts were linked to the drop, pointing to a technically driven move rather than market sentiment. Analysts said the breakdown reflects “systematic sell pressure” amid a broader market pullback.

Traders are now watching for potential support around $2.50, with overhead resistance still capped near $2.577 and $2.66.

Across the broader market, the CoinDesk CD5 Index slipped 1.67% to $1,978.58 — falling back below the key $2,000 threshold after briefly testing $2,040 earlier in the session.