SUI Tests Strong Support After Downtrend with Relief Bounce Above $1.05 Level
The post SUI Tests Strong Support After Downtrend with Relief Bounce Above $1.05 Level appeared on BitcoinEthereumNews.com.
Key Insights: SUI shows relief bounce above $1.05 after repeated downtrend consolidations, hovering near strong $0.86 support. Cumulative 2026 trading volume reaches $43.4B, surpassing Cardano and Avalanche, showing active market interest. 21Shares Spot Sui ETF launches on Nasdaq with 0.30% fees, offering direct exposure to U.S. investors. SUI Tests Strong Support After Downtrend with Relief Bounce Above $1.05 Level SUI has been showing a downtrend with repeated consolidation phases before each drop. The price is now near a strong support area. Market watchers note that buyers could step in and trigger a relief bounce. As of the time of writing, the coin trades at $0.985, showing a 13.97% rise in the past 24 hours. Price Action and Support Levels The token has faced multiple failed attempts to move higher, keeping the price in a broad downtrend on the 4-hour chart. Analysts point out that the coin is hovering just above a key horizontal support near $0.86, with the lower downside targets identified around $0.85 and $0.77. SUI repeated consolidation | Source: X On the upside, resistance appears stacked near $1.05, $1.10, and $1.17. A higher supply zone is observed toward the $1.30 to $1.36 level. “If buyers step in at this support, the token could see a relief bounce,” said BitGuru. The repeated consolidation phases under resistance suggest ongoing bearish pressure. Trading Volume and Market Activity SUI has seen substantial trading activity this year. The cumulative trading volume for 2026 has already reached $43.4 billion. This surpasses networks like Cardano and Avalanche, showing strong interest in the token. The daily trading volume for the token is around $678 million USD, indicating active market participation. As of February 24, 2026, the 21Shares Spot Sui ETF (TSUI) has officially started trading on the Nasdaq. This is the first spot-based Sui instrument for…
Filed under: News - @ February 25, 2026 11:26 pm