While pushing same-day spot trading volume to above $230 million, the price of $SUI further surged to around $1.07; over the past 24 hours, the gain has widened to about 14%.
Compared with most assets that rely on thin liquidity to spike higher, the order book shows high-density trading within substantial depth: over the past 24 hours, spot matched trades exceeded 1.6 million, with trading value over $232 million, remaining consistently among the top performers for spot anomalies. After breaking above $1.03, the short-term price has displayed a coherent momentum of volume-expanding advances.
However, after quickly surging past the $1.05 resistance level, the rotation between profit-taking from the high and the relocking of earlier trapped positions has intensified as well. The key point to watch after the continuous rise is whether the current activity level at the two-hundred-million-dollar scale can turn into steady support above $1.05, helping to guard against sharp short-term volatility.
#SUI #Crypto
Compared with most assets that rely on thin liquidity to spike higher, the order book shows high-density trading within substantial depth: over the past 24 hours, spot matched trades exceeded 1.6 million, with trading value over $232 million, remaining consistently among the top performers for spot anomalies. After breaking above $1.03, the short-term price has displayed a coherent momentum of volume-expanding advances.
However, after quickly surging past the $1.05 resistance level, the rotation between profit-taking from the high and the relocking of earlier trapped positions has intensified as well. The key point to watch after the continuous rise is whether the current activity level at the two-hundred-million-dollar scale can turn into steady support above $1.05, helping to guard against sharp short-term volatility.
#SUI #Crypto