SUI Bounces Back Strongly After Holding the $3.75 Support Zone
SUI Holds Firm Amid Market Volatility, Builds Momentum Around $3.75 Support
Navigating ongoing global economic pressures and evolving trade uncertainties, SUI has shown impressive stability, carving out higher lows during the trading day that underscore investor confidence.
Trading within a 4.46% range between $3.70 and $3.86, the cryptocurrency found solid volume backing at the $3.755 level, suggesting strong buying interest at this critical support zone.
A pronounced bullish surge later in the session lifted SUI by nearly 2%, pushing it toward resistance near $3.85. The consistent formation of higher lows signals consolidation above the $3.775 mark and points to the buildup of momentum for a potential upward breakout.
Technical Highlights:
- SUI’s 24-hour price movement ranged from $3.70 to $3.86, covering a span of 4.46%.
- Between 17:00 and 18:00, volume surged 45% above the daily average, reinforcing the support level near $3.755.
- A significant price jump of 1.9% occurred around 20:00 on strong trading volumes.
- Resistance solidified near $3.85, while higher lows throughout the session suggest growing bullish momentum.
- Reduced volatility in the final trading hours points to price consolidation above $3.775.
- Between 01:27 and 01:30, a spike in volume of over 300,000 units per minute helped establish a firm support zone at $3.756–$3.760.
- Starting at 01:42, a bullish trend reversal developed, marked by ascending highs and lows.
- A breakout above $3.78 occurred at 01:55, followed by sideways movement near $3.785 with declining volume.
SUI’s resilience in a turbulent market environment highlights its potential to sustain upward momentum as traders watch key levels closely for the next directional move.
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