$2.60 Floor Breaks: SUI Sinks 3.4% as Volume Surges 180%

SUI Breaks Key Support as Volume Jumps 180% Amid Technical Selloff

SUI dropped 3.4% over the past 24 hours, sliding from $2.62 to $2.53 after breaching its key $2.60 support level. The decline came amid a sharp rise in trading activity, signaling possible institutional or algorithmic selling.

Trading volume spiked to 25.4 million tokens — roughly 180% above the 24-hour average — with nearly 2.7 million tokens exchanged within a single minute, according to CoinDesk Analytics. The surge followed a rejection near $2.577, which triggered a cascade of stop-loss orders and accelerated downside pressure.

Price charts showed a consistent pattern of lower highs and lower lows, with resistance holding firm at $2.66. Analysts noted that the move lacked a fundamental driver, suggesting it was largely technical in nature.

Traders are now watching the $2.50 zone as the next support level, while resistance remains between $2.577 and $2.66. A break below $2.50 could expose further downside targets toward $2.45.

The broader market mirrored SUI’s weakness, as the CoinDesk CD5 Index slipped 1.67% to $1,978.58, falling below the key $2,000 threshold despite earlier gains.

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