Sui Hovers at Critical $1.68 Support Amid Market Volatility
Sui (SUI) is at a pivotal juncture as it trades NEAR the $1.68–$1.70 support zone, with a recent 1.4% dip signaling short-term bearish pressure. The token's sideways consolidation hints at an impending volatility spike—potentially driving a move toward the $2.00 resistance or, if weakness persists, a drop toward $1.31.
Trading volume remains strong at $314 million, though SUI's 0.19% market dominance underscores its current niche status. Analysts point to a higher-low pattern that could indicate accumulation, but a failure to hold current levels may trigger cascading liquidations.