Sui
is traded at $ 2,6481, down 2.03% over the last 24 hours, after rebuilding from $ 2.58- $ 2.60 support area below 26 to 27 June session, according to Coindesk Research’s technical analysis model.
Bounce followed a steep intraday drop from $ 2.70 to $ 2.58, but was supported by renewed volume and improved mood tied to institutional interest.
A key development came via Lion Group Holding Ltd. (LGHL)As on June 26, his intention of acquiring SUI -Tokens announced as part of a wider $ 600 million crypto -state box strategy.
In a press release, the Singapore-based NASDAQ-listed company confirmed the acquisition of $ 2 million of Hype-tokens at an average price of $ 37.30, marking the first strategic purchase under this program. The company also said it intends to use future revenue from its convertible bond facility to buy Soland Sui.
CEO Wilson Wang described the hype as a “basic execution-first asset” and said that LGHL considers it as core infrastructure for the future of capital markets. The company plans to use at least 75% of the net proceeds from each closure of its convertible facility to token purchases, including SUI, and the rest for wider crypto operations and operating capital.
Lion Group operates a trading platform with multiple assets (Trs)Contracts-for-difference (CFDs)OTC stock options and mediation for securities and futures. The company emphasized its growing commitment to LAG-1 blockchain ecosystems and said it will continue to update the market for further tax development.
This message follows increased activity in the SUI ecosystem, including strong purchase of the $ 2.60 level and a V-shaped volume in late session on elevated volume, which helped push the token toward its current price. Analysts remain cautious and notice resistance around $ 2.66, but short -term mood appears to be improved.
Technical analysis highlights
- SUI traded within a 24-hour range of $ 2.58 to $ 2.70, showing a 4.5% decrease from tip to trough.
- A temporary bottom formed for the $ 2.58 during the UTC session 21:00 on June 26, followed by accumulation signs.
- Several rejection walls appeared near $ 2.66, confirming short-term resistance below 09: 00-11: 00 UTC window on June 27.
- A minor bullish reversing pattern appeared from 07:51 to 08:24 on June 27 with a recovery of 0.9% from $ 2.61 to $ 2.63.
- A sequence of higher low lower developed from 01:00 to 08:00 on June 27, signalizing gradual shifts in momentum.
- Volume spiked 18% over the 24-hour average in the recovery phase starting 08:00 ATC on June 27, which reinforced support for $ 2.60.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
