SUI Defends $1.40 Support, Traders Watch for Rebound Signal
Sui (SUI) has stabilized above the critical $1.40 support level following a recent pullback, with market participants closely monitoring for signals of a potential upward reversal. The token's ability to maintain this price floor indicates diminishing bearish momentum as buyers actively defend the level.
Trading at $1.44 with $704 million in 24-hour volume, sui is showing early signs of consolidation. Analysts observe that the $1.40-$1.42 zone has established itself as a demand area, potentially creating a foundation for testing near-term resistance between $1.48 and $1.52.
The cryptocurrency's modest 0.19% gain over the past 24 hours reflects a tentative equilibrium between buyers and sellers. A decisive breakout above resistance could pave the way toward higher targets in the $1.52-$1.68 range, according to technical assessments.
