SUI Recovers From Turbulent Price Swings as Trading Activity Surges 11% Beyond 30-Day Norms

SUI Retreats After Volatile Session as Trading Volume Surges

Sui (SUI) saw its price slip nearly 4% after a failed attempt to rally past $2.82, with 24-hour trading volumes spiking 11% above the 30-day average during a highly volatile session.

The token endured significant intraday swings over the past day, beginning with a sharp dip to $2.71. SUI briefly surged toward $2.92, but resistance near $2.82 halted the advance, prompting a quick reversal that pulled prices back into the $2.78–$2.79 range, according to CoinDesk Research’s technical analysis.

The surge in trading activity fueled heightened volatility, creating rapid price swings that kept both bulls and bears on edge. The inability to sustain a move above $2.82 suggests traders may remain cautious in the near term as the market digests the failed breakout.

Despite the turbulence, SUI found solid support around the $2.72–$2.75 zone, rebounding from that area multiple times. With trading volumes now starting to settle, the token could enter a period of sideways consolidation as participants reassess its short-term trajectory.

Key Technical Insights:

SUI fluctuated within a 7.3% intraday range between $2.919 and $2.710.
A strong wave of selling at 08:00 dropped the price 9.1%, from $2.878 to $2.765.
A brief recovery around 18:00 pushed SUI 1.5% higher to $2.824 on volume of 1.4 million.
That rally reversed swiftly, sending prices back down to $2.784 and confirming resistance at $2.82.
Support held firm between $2.72 and $2.75, despite repeated tests and choppy trading.