Sui
experienced a 24 -hour turbulent negotiation window marked by strong intraday oscillations and heavier commercial activity than usual. After initially plunged $ 2.71, the token set up a brief gathering to $ 2.92 before meeting with high resistance almost $ 2.82. This area capped the recovery, triggering a rapid reversal which brought the prices to the area from $ 2.78 to $ 2.79.
What made the move more notable was the sharp increase in the volume of negotiation 24 hours a day, which increased by 11% above the average of 30 days. This level of participation has amplified volatility, with fast evolution price oscillations exposing both bulls and bears to rabbit movements. The rejection of $ 2.82 and unsuccessful attempts to resume this level prepared the ground for a more prudent short -term exchange.
The support around the region from $ 2.72 to $ 2.75 proved to be durable, the bouncing price several times. While the volume cools down and the consolidation is tightening, SU can enter a waiting period while the traders re -assess the short -term management after the failure of the escape and the unusually active session.
Strengths of technical analysis
- SUP exchanged in a range of 7.3% between $ 2,919 and $ 2,710 during the 24 hour window.
- The heavy sale struck at 8:00 am because the price dropped by 9.1% from $ 2,878 to $ 2.765.
- An attempt to rebound around 6:00 p.m. sent to 1.5% to $ 2,824 over a volume of 1.4 m.
- The rally was immediately reversed, the price falling to $ 2.784 and confirming the resistance nearly $ 2,82.
- The support maintained nearly $ 2.72 to $ 2.75 despite several tests and consolidation throughout the session.
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