SUI Cryptocurrency Shows Strength After $3.75 Support Confirmation
The SUI cryptocurrency has shown remarkable recovery, rising from $3.756 to $3.785, marking a 0.77% increase during a volatile trading session according to CoinDesk Research’s technical analysis.
Key Highlights:
- The SUI asset has formed a stable support range between $3.70 and $3.86, with strong volume backing at the $3.755 level.
- Dogecoin’s upcoming ETF from 21Shares has reached SEC review, with a decision anticipated by January 2026, possibly extending Wall Street’s interest in meme coins.
- The Sui Network is set to integrate with BitVM and will soon launch Peg-BTC (YBTC) to enhance Bitcoin’s DeFi functionalities on its blockchain.
Market Context
Ongoing global economic uncertainties and changing trade dynamics are significantly affecting cryptocurrency markets. The SUI token’s strong performance during these fluctuation periods is particularly noteworthy.
The trading range established a 4.46% variance between $3.70 to $3.86, validating substantial support at the $3.755 mark.
Bullish momentum was observed, with prices surging 1.9% on heightened trading volume. This indicates a solid foundation above the $3.775 support level.
Technical Assessment
- SUI’s 24-hour trading range fluctuated by 0.165 (4.46%), with a low of 3.700 and a high of 3.862.
- Significant buying interest was recorded between 01:27-01:30, forming robust support at 3.756-3.760 with elevated trading activity.
- A bullish turnaround began at 01:42, leading to a series of higher lows.
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