- SUI trades at $3.93 with a daily dip of 0.61% despite broader market weakness.
- 24-hour trading volume rises 10.78% to $2.58B, supporting strong short-term momentum.
- Key resistance stands at $4.00, with support holding at $3.82 on recent breakout.
In spite of the corrections in the wider market, SUI remains on an upwards trend, currently trading at the time of writing at the price of $3.93. The currency has remained strong, comfortably retaining gains around its latest local peak at 3.9652, with the price action towards a major resistance area close to 4.00. Notably, this comes as the rest of the crypto market records minor declines across top-cap assets.
Over the last 24 hours, SUI posted a modest 0.61% drop, although buying interest remained active. While the daily candle closed slightly lower, volume surged to $2.58 billion—marking a 10.78% increase from the previous session. This uptick in trading activity suggests persistent participation even during pullbacks.
Rising Volume and Strong Support Anchor SUI’s Uptrend
SUI’s current 24-hour volume now stands at 19.06% of its market cap, indicating strong relative activity. With its market capitalization at $13.59 billion, and fully diluted valuation (FDV) at $39.35 billion, liquidity remains steady. The unlocked market cap is also closely aligned at $13.58 billion.
Importantly, this surge in trading activity has helped the token sustain momentum as it moves toward a key technical zone. The price held above $3.82, now acting as short-term support. Traders continue watching this level closely while preparing for any potential volatility near $4.00 resistance.
SUI Nears $4.00 After Bullish Breakout
The current chart structure reflects a clear breakout from previous consolidation, with price action forming higher highs and higher lows. The recent move above $3.50 confirmed the bullish pennant breakout, leading to increased momentum over the past 48 hours.
Now trading near $3.93, SUI has approached its immediate resistance target of $4.00. This range remains pivotal for short-term trend continuation. If the asset remains above support, volume trends suggest further volatility could follow in the coming sessions.
SUI’s sustained momentum, rising volume, and approach to the $4.00 resistance zone suggest potential for increased volatility and continued upside.
