SUI Holds $0.85 Support, Eyes $0.90-$0.92 Range as Market Sentiment Turns Cautiously Bullish
SUI is showing tentative signs of recovery after a prolonged downtrend, establishing $0.85 as a critical support level. The token is currently trading at $0.8707 with a 1.54% gain over the last 24 hours, suggesting fragile but building market confidence. Analysts note potential resistance near the $0.90-$0.92 range, where profit-taking could emerge.
Trading volume remains subdued at $330.91 million despite the token's $3.44 billion market cap. Crypto analyst BitGuru observes waning bearish momentum but cautions that sustained upward movement requires stronger buying pressure and a clear break above key resistance. Market indicators suggest traders remain wary following recent volatility, but the stabilization at support is a positive first step for bulls.
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