SUI Surges in Trading Volume Amid Market Uncertainty; Key Levels in Focus
Sui (SUI) witnessed a notable surge in daily trading activity, with its 24-hour volume soaring by 66% to reach $2.1 billion at the time of writing. This increase in trading volume came as SUI posted a 12.55% gain over the same period, raising hopes of a potential recovery rally.
Following the late 2024 rally, Fibonacci retracement levels were plotted to map possible price reactions. The 78.6% retracement level, located at $2.43, was successfully retested on June 22nd, acting as a strong support zone for now.
Adding fuel to the bullish sentiment, Bitcoin rebounded sharply from $101,000 to $106,000 earlier this week. This recovery in BTC could pave the way for SUI to attract further demand. However, broader indicators suggest caution.
On the weekly timeframe, the Accumulation/Distribution (A/D) indicator has formed a sequence of lower highs throughout 2025, reflecting ongoing selling pressure. Similarly, the Chaikin Money Flow (CMF) reading of -0.08 indicates continued capital outflows. Despite this, the Money Flow Index (MFI) remains bullish, suggesting that the intensity of selling has eased. This interpretation is supported by the below-average weekly trading volume, indicating a potential slowdown in bearish momentum. Furthermore, a structural breakout in early May has kept the broader weekly market structure in bullish territory.
The picture becomes more mixed when examining the daily timeframe. After breaking below $3.12 in early June, SUI’s daily structure has turned bearish. The A/D indicator has been declining consistently over the past month, while the CMF hovers near neutral, signaling limited capital inflows or outflows. The MFI reading of 30.5 leans bearish, pointing toward ongoing selling pressure.
Key support levels remain at $2.08 and $1.71. The $2.08 mark previously acted as support during March and April, while $1.71 represents a critical swing low from the weekly chart. A drop below $1.71 could shift the weekly structure to a bearish bias, signaling deeper downside potential.
Looking ahead, if Bitcoin maintains its footing above the crucial $100,000 level, it may bolster broader market sentiment, giving SUI a chance to defend support levels and potentially reclaim higher ground. A decisive move above the $3 mark — flipping it into a support zone — would serve as a strong signal for renewed bullish momentum in the altcoin.
For now, investors remain cautiously optimistic as SUI navigates between critical support and resistance levels amid a shifting macro environment.
