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SUI has recently made some waves—30-minute trading volume surged by 35%. Such abnormal volume movements are not to be taken lightly.
At the time of observation, SUI is quoted at 1.7669 USDT. From a technical perspective, the 1.7725 level has become a key support, only about 0.87% away from the current price. The support zone fluctuates between 1.7621 and 1.7901.
What does this surge in volume imply? It often signals that a trend is about to start. There are two angles to watch:
**Bullish Trading Strategy:**
Place buy orders around 1.7725, targeting the resistance at 1.8209. The abnormal increase in trading volume combined with the holding of the support level usually indicates that the bulls are gaining strength.
A sharp increase in volume often signals an imminent trend reversal. SUI's subsequent movement is worth paying close attention to. The proximity of support is also a point of focus—see if it can hold its ground here.