Alright, let's talk about SUI. If you've been in crypto for more than five minutes, you know the drill: wild swings are just part of the game. But even for seasoned veterans, the overnight 6% plunge SUI took recently was enough to grab attention. Just as quickly, though, buyers swooped in, holding the line at the crucial $3.40 support level. What a rollercoaster!

For those of us watching the charts, it was a classic crypto moment. One minute, you're seeing red, contemplating your life choices. The next, the green candles start popping, and you remember why you're here. This isn't just a random blip; it's a testament to SUI's underlying strength and the conviction of its community.

What's Driving the Swings, and Why Does SUI Keep Bouncing Back?

First off, let's acknowledge the elephant in the room: volatility is inherent in crypto. Market sentiment can shift on a dime, influenced by macro events, regulatory whispers, or even just a particularly influential tweet. A 6% dip overnight isn't unheard of, especially for relatively newer, high-growth projects like SUI.