SUI Reclaims Ground Following Whipsaw Action, Accompanied by an 11% Spike in Trading Volumes Versus Its Monthly Average

SUI Drops Nearly 4% Amid Wild Price Swings and Surge in Trading Volume

Sui (SUI) fell almost 4% on the day, as a failed push above $2.82 triggered a sharp reversal and drove trading volumes 11% higher than their 30-day average.

Over the past 24 hours, SUI experienced a turbulent ride. The token initially dropped to $2.71 before staging a brief rally toward $2.92. However, strong resistance around $2.82 halted further gains, leading to a quick retreat back to the $2.78–$2.79 zone, according to CoinDesk Research’s technical analysis.

Trading activity soared during the session, contributing to significant volatility and rapid price swings. The repeated rejection at $2.82 suggests traders remain cautious in the near term, awaiting clearer signals before committing to new positions.

Despite the volatility, SUI found steady support between $2.72 and $2.75, bouncing off that range several times. As trading volume begins to ease, SUI may enter a consolidation phase as the market evaluates its next move following the failed breakout and unusually active trading session.

Technical Highlights:

• SUI fluctuated within a 7.3% range between $2.919 and $2.710 during the day.
• Heavy selling around 08:00 drove a 9.1% drop from $2.878 to $2.765.
• A brief rebound near 18:00 lifted SUI 1.5% to $2.824 on volume of 1.4 million.
• The rally quickly reversed, sending the price down to $2.784 and confirming resistance at $2.82.
• Strong support held in the $2.72–$2.75 zone despite repeated tests.