SUI Slides 3.4% as $2.60 Support Snaps on 180% Volume Surge
CoinDesk
SUI dropped 3.4% to $2.53, breaking the key $2.60 support level amid a 180% surge in trading volume.Summary
SUI experienced a 3.4% decline over 24 hours, falling from $2.62 to $2.53 after breaking the critical $2.60 support level, which was accompanied by a sharp 180% surge in trading volume.
This breakdown occurred as volume surpassed 25.4 million tokens, with a massive spike seeing nearly 2.7 million tokens trade in one minute, suggesting systematic selling, possibly algorithmic or stop-loss triggered, rather than news-driven events. Price action showed lower highs and lows, with resistance holding firm at $2.66.
Traders are now watching for support near the $2.50 zone, while the broader market also showed strain, with the CoinDesk CD5 Index falling 1.67% below $2,000.
(Source：CoinDesk)