SUI Holds Critical Support, Eyes $2.35 as Buyers Step In
Sui (SUI) is showing early signs of a recovery after successfully holding a key support level, with its price now testing resistance at $1.83. The token's 1.72% gain over the past 24 hours indicates cautious but growing buyer interest following the recent market downturn.
Technical analysis points to SUI's rebound from lower support levels, though a descending trendline continues to act as a cap on upward momentum. Market observers note the token is behaving within expected technical parameters, with the $1.83 zone now serving as a pivotal area of demand.
Trading volume remains strong at $1.10 billion, underpinning SUI's $6.99 billion market cap. The next few trading sessions will be crucial in determining whether this stabilization can develop into a sustained recovery MOVE toward the $2.35 target.
