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SUI SUI experienced a turbulent 24-hour trading window marked by sharp intraday swings and heavier-than-usual trading activity. After initially plunging to $2.71, the token mounted a brief rally toward $2.92 before encountering strong resistance near $2.82. That zone capped the recovery, triggering a swift reversal that dragged prices back toward the $2.78–$2.79 area.
What made the move more notable was the accompanying surge in 24-hour trading volume, which spiked 11% above the 30-day average. That level of participation amplified the volatility, with fast-moving price swings exposing both bulls and bears to whiplash moves. The rejection from $2.82 and failed attempts to retake that level set the stage for more cautious trading in the near term.
Support around the $2.72–$2.75 region proved durable, with price bouncing off that range multiple times. As volume cools and consolidation tightens, SUI may enter a waiting period as traders reassess short-term direction following the failed breakout and unusually active session.
Technical Analysis Highlights
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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