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Sui Holds $3.20 Support Despite Weak Trading Volume and Bearish Pressure
Sui Holds $3.20 Support Despite Weak Trading Volume and Bearish Pressure
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
Sui's price increased 2.04% to $3.20, but trading volume dropped 41.14% to $893.82 million, indicating reduced market participation. The token continues to face selling pressure, with an 11.8% weekly decline highlighting bearish dominance.
Technical indicators suggest caution. The RSI at 40.85 and MACD signal ongoing downward momentum. Analysts are monitoring the $2.86–$3.08 support zone and 200 SMA on the 3-day chart as critical levels. A breach could lead to further declines.
Despite the daily recovery, sui struggles to establish sustainable buying pressure. Market sentiment remains fragile as traders await clearer signals of a trend reversal.
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