Global economic tensions and shifting trade policies continue to influence cryptocurrency markets, with SUI showing particular resilience.
The asset established a trading range of 4.46% between $3.70 and $3.86, finding strong volume support at the $3.755 level.
A notable bullish momentum emerged with price surging 1.9% on above-average volume, establishing resistance at $3.850.
The formation of higher lows throughout the latter part of the day suggests consolidation above the $3.775 support level.
Technical Analysis Highlights
- SUI established a 24-hour trading range of 0.165 (4.46%) between the low of 3.700 and high of 3.862.
- Strong volume support emerged at the 3.755 level during hours 17-18, with accumulation exceeding the 24-hour volume average by 45%.
- Notable bullish momentum occurred in the 20:00 hour with price surging 7.2 cents (1.9%) on above-average volume.
- Resistance established at 3.850 with higher lows forming throughout the latter part of the day.
- Decreasing volatility in the final hours suggests consolidation above the 3.775 support level.
- Significant buyer interest appeared between 01:27-01:30, forming a strong support zone at 3.756-3.760 with exceptionally high volume (over 300,000 units per minute).
- Decisive bullish reversal began at 01:42, establishing a series of higher lows and higher highs.
- Breakout above 3.780 occurred at 01:55, followed by consolidation near 3.785 with decreasing volume.
Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. This article may include information from external sources, which are listed below when applicable.
External References
- “Sui price up 5.16% intra-day: bullish structure remains strong“, crypto.news, published May 16, 2205.
- “SUI Set to Explode, But Don’t Sleep on XRP and Other Altcoins“, CoinPedia, May 16, 2025.