Over the past four hours, the SUI/USDT pair has been showing some consolidation after a brief dip. SUI is currently trading around $3.39, maintaining a stable position after some minor fluctuations. Over the last 24 hours, SUI has seen a decline of approximately 7.3%, but its longer-term trajectory remains positive, with a 61.8% increase over the past month.
The market sentiment suggests cautious optimism as SUI has recently broken past a key resistance level. However, traders are keeping a close eye on potential pullbacks, which could offer buying opportunities. The price is nearing some support levels, so the coming hours could see further stabilization or a slight dip before a potential rebound.
Volume has been relatively high, with over $1 billion in transactions in the past 24 hours, suggesting active trading. Overall, SUI continues to hold a strong position within the top 20 cryptocurrencies by market cap, which is currently around $9.94 billion.
Traders are advised to monitor these movements carefully, as the SUI token remains volatile yet promising in the medium term.