- SUI is down in the short term but holding firm at the $3.54 support level.
- Trading volume surges by 24.30%, showing renewed market interest.
- Analyst Talonaru sees a potential entry between $3.20 and $3.30, with a target of $5.36.
SUI is gaining attention as it shows strength and growth potential, even with uncertainty in the broader market. Over the last 24 hours, SUI’s price has dropped by 7.92%, and it’s down by 2.32% over the past week. Still, the strong interest and rising volume suggest the token may be gearing up for another upward move.
At the time of writing, SUI is trading at $3.54, with its 24-hour trading volume surging to $2.03 billion, an increase of nearly 30%. Its market capitalization stands at $12.27 billion, placing it among the stronger performers in the current cycle.
SUI Price Struggles But Shows Bullish Signs
Crypto analyst Talonaru commented on the rising buzz surrounding SUI, noting that many investors are unsure whether to enter, take profits, or wait.
Talonaru listed two main entry points on the daily chart: the first already in play at current levels of approximately $3.54 (green zone), and more meaningful support at $3.20-$3.30 (yellow zone), where the price could potentially rebound if the current level fails to hold.
The SUI daily chart supports this outlook, with the token currently sitting just above a key support area of $3.50–$3.60. Should that area continue to hold, the coin might seek out the next important resistance point at around $4.20–$4.30.
The bigger bullish target is at around $5.36 and would be attained if the momentum increases further, particularly as interest from major firms like Grayscale lends credibility.
A break below the $3.50 mark, however, might set the token back on a short-term retreat, testing the $3.10–$3.30 demand zone before any definitive upward move.
Also Read: SUI Breakout Signals Potential Surge Toward $8 Price Target
Price Action Suggests Possible Bullish Continuation
Meanwhile, trading volume has jumped 24.30% to $6.84 billion, showing an increase in buying and selling activity.
Interestingly, open interest, a metric reflecting the total number of outstanding positions, has dropped by 14.23% to $2.03 billion, suggesting that some investors may be closing out positions or waiting for clearer price direction.
Additionally, the OI-weighted value for SUI currently stands at 0.0080%, indicating only a small proportion of activity tied to leveraged or speculative positions, often a sign of cautious optimism.
In short, Sui is showing strong signs of resilience even as the broader market stalls. With firm support around $3.50 and rising volume, the token could be preparing for a new upward phase, provided key levels hold in the days ahead.
Also Read: SUI Breakout Signals Potential Surge Toward $8 Price Target
