Sui
is buying and selling at $2.6481, down 2.03% previously 24 hours, after rebounding from the $2.58–$2.60 help vary in the course of the June 26–27 session, in accordance with CoinDesk Analysis’s technical evaluation mannequin.
The bounce adopted a steep intraday decline from $2.70 to $2.58 however was supported by renewed quantity and improved sentiment tied to institutional curiosity.
A key growth got here through Lion Group Holding Ltd. (LGHL), which on June 26 announced its intention to amass SUI tokens as a part of a broader $600 million crypto treasury technique.
In a press launch, the Singapore-based Nasdaq-listed agency confirmed a $2 million acquisition of HYPE tokens at a median worth of $37.30, marking the primary strategic buy underneath this program. The corporate additionally mentioned it intends to make use of future proceeds from its convertible debenture facility to buy SOLand SUI.
CEO Wilson Wang described HYPE as a “foundational execution-first asset” and mentioned LGHL views it as core infrastructure for the way forward for capital markets. The agency plans to make use of a minimum of 75% of the online proceeds from every closing of its convertible facility for token acquisitions, together with SUI, and the remainder for broader crypto operations and dealing capital.
Lion Group operates a multi-asset buying and selling platform providing companies similar to whole return swaps (TRS), contracts-for-difference (CFDs), OTC inventory choices, and brokerage for securities and futures. The agency emphasised its rising dedication to layer-1 blockchain ecosystems and mentioned it can proceed updating the market on additional treasury reserve developments.
This announcement follows heightened exercise within the SUI ecosystem, together with robust shopping for on the $2.60 degree and a late-session V-shaped restoration on elevated quantity, which helped push the token towards its present worth. Analysts stay cautious, noting resistance round $2.66, however short-term sentiment seems to have improved.
Technical Evaluation Highlights
- SUI traded inside a 24-hour vary of $2.58 to $2.70, exhibiting a 4.5% decline from peak to trough.
- A short lived backside fashioned at $2.58 in the course of the 21:00 UTC session on June 26, adopted by accumulation indicators.
- A number of rejection wicks emerged close to $2.66, confirming short-term resistance in the course of the 09:00–11:00 UTC window on June 27.
- A minor bullish reversal sample appeared from 07:51 to 08:24 UTC on June 27, with a 0.9% restoration from $2.61 to $2.63.
- A sequence of upper lows developed from 01:00 to 08:00 UTC on June 27, signaling gradual shift in momentum.
- Quantity spiked 18% above the 24-hour common in the course of the restoration section beginning 08:00 UTC on June 27, reinforcing help at $2.60.
Disclaimer: Components of this text had been generated with the help from AI instruments and reviewed by our editorial crew to make sure accuracy and adherence to our standards. For extra data, see CoinDesk’s full AI Policy.