SUI Experiences High Volatility as Trading Volume Jumps 11%

SUI faced a turbulent 24-hour trading session characterized by sharp price fluctuations and increased market activity. The token initially dropped to $2.71 before briefly rallying to $2.92, only to encounter strong resistance NEAR $2.82. This rejection led to a quick reversal, pulling prices back to the $2.78–$2.79 range.

Trading volume spiked 11% above the 30-day average, intensifying volatility and creating challenging conditions for traders. Support levels between $2.72–$2.75 held firm through multiple tests, while $2.82 stood out as a clear resistance point. The failed breakout suggests potential consolidation as the market reevaluates short-term trends.

Notable intraday movements included a 9.1% decline at 08:00 UTC and a brief 1.5% recovery attempt at 18:00 UTC that was swiftly reversed. Throughout the session, sui traded within a 7.3% range between $2.710 and $2.919.