$SUI Analysis
Current Price: The price is $2.7721, reflecting a 1.13% decrease over the recent period and a 2.00% drop on the Binance pair.
Price Trend: The chart shows a volatile trend with a significant peak around mid-May, followed by a sharp decline. Recently, the price has experienced a slight recovery but remains below the earlier high, indicating bearish momentum in the short term.
Volume: Trading volume has fluctuated, with notable spikes during price movements, suggesting active market participation during swings. The current volume (27.98M SUI / 79.09M USDT) aligns with recent activity but isn’t at its peak.
Support and Resistance: The price appears to be testing support around $2.721 (recent low), with resistance near $2.8852 (24h high). A break above $2.8852 could signal a bullish reversal, while a drop below $2.721 might lead to further declines.
Longer-Term Performance: The chart shows a -38.22% change over 180 days, but a +224.56% increase over the past year, indicating strong long-term growth despite recent setbacks.
