International financial tensions and shifting commerce insurance policies proceed to affect cryptocurrency markets, with SUI displaying explicit resilience.
The asset established a buying and selling vary of 4.46% between $3.70 and $3.86, discovering sturdy quantity assist on the $3.755 stage.
A notable bullish momentum emerged with value surging 1.9% on above-average quantity, establishing resistance at $3.850.
The formation of upper lows all through the latter a part of the day suggests consolidation above the $3.775 assist stage.
Technical Evaluation Highlights
- SUI established a 24-hour buying and selling vary of 0.165 (4.46%) between the low of three.700 and excessive of three.862.
- Robust quantity assist emerged on the 3.755 stage throughout hours 17-18, with accumulation exceeding the 24-hour quantity common by 45%.
- Notable bullish momentum occurred within the 20:00 hour with value surging 7.2 cents (1.9%) on above-average quantity.
- Resistance established at 3.850 with greater lows forming all through the latter a part of the day.
- Lowering volatility within the closing hours suggests consolidation above the three.775 assist stage.
- Important purchaser curiosity appeared between 01:27-01:30, forming a powerful assist zone at 3.756-3.760 with exceptionally excessive quantity (over 300,000 models per minute).
- Decisive bullish reversal started at 01:42, establishing a collection of upper lows and better highs.
- Breakout above 3.780 occurred at 01:55, adopted by consolidation close to 3.785 with lowering quantity.
Disclaimer: This text was generated with AI instruments and reviewed by our editorial crew to make sure accuracy and adherence to our requirements. For extra info, see CoinDesk’s full AI Coverage. This text might embrace info from exterior sources, that are listed under when relevant.
Exterior References
- "Sui value up 5.16% intra-day: bullish construction stays sturdy", crypto.information, revealed Could 16, 2205.
- "SUI Set to Explode, However Don’t Sleep on XRP and Different Altcoins", CoinPedia, Could 16, 2025.
