SUI trading volume has surged by 37%, indicating renewed market participation as the cryptocurrency stabilizes around $0.97. This increase in activity follows a prolonged downtrend, with futures inflows and bullish long-short ratios suggesting rising speculative interest. Despite this, SUI must overcome the $1.10 to $1.15 resistance range to confirm a structural shift.
The market shows signs of stabilization, with reduced volatility and a potential support base forming at $0.97. However, the broader trend remains bearish, as higher-time-frame moving averages stay above the current price. While short-term averages flatten, indicating weakening downward momentum, mixed spot flows reflect ongoing market uncertainty.
