Token Rallies Following $3.75 Support Retention

Global economic pressures and evolving trade regulations are continuing to impact the cryptocurrency landscape, with SUI demonstrating notable strength.

The asset has developed a trading band of 4.46% between $3.70 and $3.86, receiving robust volume backing at the $3.755 mark.

A significant surge occurred, with prices increasing by 1.9% on elevated volume, marking $3.850 as a point of resistance.

The pattern of higher lows in the late trading sessions indicates a phase of consolidation above the $3.775 support point.

Key Takeaways from Technical Analysis

• SUI’s 24-hour trading range was noted at 0.165 (4.46%), fluctuating from a low of $3.700 to a high of $3.862.
• Volume support was notably strong at the $3.755 level during trading hours 17-18, with purchase activity exceeding the average daily volume by 45%.
• During the 20:00 hour, bullish momentum was evident, with a price spike of 7.2 cents (1.9%) driven by higher trading volume.
• Resistance set at $3.850 was accompanied by higher low formations towards the end of the day.
• Reductions in volatility in the closing hours indicate consolidation above the $3.775 support line.
• Strong buying interest was recorded between 01:27-01:30, creating a solid support zone at $3.756-$3.760, counting over 300,000 units sold per minute.
• A definitive bullish turnaround initiated at 01:42, leading to a sequence of higher lows and higher highs.
• A breakout above $3.780 was registered at 01:55, followed by a consolidation phase around $3.785 with diminishing volume.