SUI Tests Critical $1.30 Support Amid ETF-Driven Market Turbulence
Sui (SUI) has pulled back to the $1.30 level, marking a 7.19% daily decline, though it maintains a 13.46% gain for the week. Trading volume of $846 million underscores the persistent volatility in the crypto market. The token is now hovering NEAR a crucial liquidity zone between $1.22 and $1.32, which analyst Umair Crypto identifies as a make-or-break demand area.
Technical analysis shows a consolidation range between $1.325 and $1.699, with the lower bound acting as a historical support level. The current RSI reading in the 30-40 range indicates oversold conditions, potentially setting the stage for a 30% rebound toward the range highs—if buyers successfully defend the $1.32 floor. A failure to hold this level risks extending the current downtrend.
