SUI Holds Critical Support as Bulls Eye Next Breakout
Sui (SUI) is showing resilience amidst market volatility, stabilizing at a crucial support level following a 45% recovery from its 2024 lows. The token is currently trading at $1.82 with a market capitalization of $6.91 billion, indicating a cautiously optimistic sentiment among investors.
Technical analysis points to a strong weekly accumulation zone between $1.30 and $1.50, with analyst Crypto Patel noting institutional buying activity. The 45% rebound from support levels suggests potential upside, contingent on maintaining momentum above key technical thresholds.