Sui (sui)
9.64% fell to $ 3,0211 on June 13, extending a strong night correction that saw that the token from $ 3.34 at an intradic minimum of $ 2,9556. The breakdown at $ 3.20, a previously firm support zone, did not accumulate a great sale pressure and marked a turning point in the short -term feeling, with more than 50 million tokens negotiated during the sale of the sale.
After briefly violating the level of $ 3.00, Sui found support from around $ 2,997, where buyers’ interest began to emerge. Since then, the price has been recovered in a narrow consolidation band of $ 3.00– $ 3.05, although the impulse is still fragile. The lower maximums continue to form, which suggests that sellers still have control unless bulls can recover levels higher than $ 3.05 with conviction.
The acute movement follows a wider wave of broader cryptographic weakness and a brief peak in BTC prices linked to the inflation data of the United States earlier this week. While the macro backdrop remains uncertain, Sui prices behavior seems mainly technical: the breakdown of $ 3.20 triggered the cascade casualties and the sale of panic, while the psychological support of about $ 3.00 has temporarily arrested the decrease.
Volume patterns suggest a cautious accumulation, with a notable peak at 14:00 UTC when more than 1.2 million tokens changed hands. However, unless buyers can claim key levels of resistance, the current rebound can be of short duration. A confirmed closure above $ 3.0 would be the first step to invalidate the current descending trend.
TECHNICAL ANALYSIS
- The user interface fell from $ 3,343 to $ 2,9556 in 24 hours, a 12.9% decrease before partial recovery.
- Sell intensified pressure after the breakdown of $ 3.20 at 00:00 UTC, with 50m+ tokens negotiated.
- The price has stabilized in a consolidation band of $ 3.00– $ 3.05.
- A minor recovery raised the price of $ 2,997 to $ 3,017 in the most recent time.
- Volume at 14:00 UTC exceeded 1.2M, pointing out the short -term accumulation near the support.
- The resistance is at $ 3.05; Support is still firm at $ 2.94.
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