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 . For more information, see . This article may include information from external sources, which are listed below when applicable.
External References
- “”, crypto.news, published May 16, 2205.
- “”, CoinPedia, May 16, 2025.
