- Sui token surged by 20% in 24 hours, trading at $4.29.
- Trading volume reached 83.52 million SUI, indicating heightened market activity and investor interest.
- Immediate resistance at $4.50 and support at $4.00 define short-term price movement.
CoinMarketCap‘s chart shows that Sui’s price saw a strong upward movement, climbing by 20% to $4.29 in the last 24 hours. The token experienced a daily high of $4.30 and a low of $3.56. This performance comes amid a noticeable rise in trading activity, with 83.52 million SUI tokens exchanged, signaling increased market attention.
Resistance and Support Levels
With its current rally, Sui faces resistance at $4.50, a crucial level for further gains. Meanwhile, $4.00 has emerged as a support level, potentially providing stability if a pullback occurs. Traders are closely observing these levels as the token continues its bullish momentum.
Trading Implications
Sui’s surge reflects broader market optimism, attracting both traders and long-term holders. As the token approaches its resistance, market participants are eyeing a potential breakout or a short-term consolidation near current levels.
