By , |Edited by
Jun 18, 2025, 7:53 p.m.
- SUI traded in a volatile 7.3% intraday range between $2.71 and $2.92 before closing near $2.78, according to CoinDesk Research’s technical analysis model.
- 24-hour trading volume surged 11% above the 30-day average, reflecting heavy participation during the reversal.
- Price action failed to sustain above $2.82 resistance and found renewed support near $2.72 after multiple intraday pivots.
SUI
experienced a turbulent 24-hour trading window marked by sharp intraday swings and heavier-than-usual trading activity. After initially plunging to $2.71, the token mounted a brief rally toward $2.92 before encountering strong resistance near $2.82. That zone capped the recovery, triggering a swift reversal that dragged prices back toward the $2.78–$2.79 area.
What made the move more notable was the accompanying surge in 24-hour trading volume, which spiked 11% above the 30-day average. That level of participation amplified the volatility, with fast-moving price swings exposing both bulls and bears to whiplash moves. The rejection from $2.82 and failed attempts to retake that level set the stage for more cautious trading in the near term.
STORY CONTINUES BELOW
Support around the $2.72–$2.75 region proved durable, with price bouncing off that range multiple times. As volume cools and consolidation tightens, SUI may enter a waiting period as traders reassess short-term direction following the failed breakout and unusually active session.
Technical Analysis Highlights
- SUI traded in a 7.3% range between $2.919 and $2.710 during the 24-hour window.
- Heavy selling struck at 08:00 as the price dropped 9.1% from $2.878 to $2.765.
- A bounce attempt around 18:00 sent SUI up 1.5% to $2.824 on volume of 1.4M.
- The rally was immediately reversed, with price falling to $2.784 and confirming resistance near $2.82.
- Support held near $2.72–$2.75 despite multiple tests and consolidation throughout the session.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to . For more information, see .
Siamak Masnavi is a researcher specializing in blockchain technology, cryptocurrency regulations, and macroeconomic trends shaping the crypto market. He holds a PhD in computer science from the University of London and began his career in software development, including four years in the banking industry in the City of London and Zurich. In April 2018, Siamak transitioned to writing about cryptocurrency news, focusing on journalism until January 2025, when he shifted exclusively to research on the aforementioned topics.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our .
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