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

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 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 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 .

Source: CoinDesk