SUI Reverses After Wild Swings; Trading Volume Spikes 11% Above 30-Day Average

SUI SUI$1.5158 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, according to CoinDesk Research's technical analysis model. 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, the model showed.

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

• SUI traded in a 7.3% range between $2.919 and $2.710 during the 24-hour window.
• Heavy selling struck at 08:00 as the price dropped 9.1% from $2.878 to $2.765.
• A bounce attempt around 18:00 sent SUI up 1.5% to $2.824 on volume of 1.4M.
• The rally was immediately reversed, with the price falling to $2.784 and confirming resistance near $2.82.
• Support held near $2.72–$2.75 despite multiple tests and consolidation throughout the session.
  

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.