SUI has experienced a significant price increase, rising 16.8% over the past week from 1.35 USDT to 1.78 USDT. The cryptocurrency found support at 1.48 USDT, with trading volumes remaining stable between 320 million and 330 million. According to Wyckoff analysis, SUI is currently in a macro accumulation phase, forming a rounded bottom pattern.
The market's fear and greed index remains neutral, indicating reduced volatility. Analysts suggest a potential recovery to the 2.8–3.4 USDT range, with a distribution zone anticipated between 5.5 and 5.8 USDT.
SUI Surges 16.8% in a Week Amid Accumulation Phase
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