{"id":29488,"date":"2025-05-30T15:03:50","date_gmt":"2025-05-30T15:03:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=29488"},"modified":"2025-05-30T15:03:50","modified_gmt":"2025-05-30T15:03:50","slug":"sui-plunges-6-overnight-before-buyers-step-in-at-3-40-support","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=29488","title":{"rendered":"SUI Plunges 6% Overnight Before Buyers Step in at $3.40 Support"},"content":{"rendered":"<div>\n<p>The cryptocurrency market faces headwinds as geopolitical tensions and security concerns weigh on investor sentiment. <\/p>\n<p>SUI&#8217;s sharp overnight decline coincides with broader market uncertainty, though strong buyer interest emerged at support levels around $3.40-$3.42. <\/p>\n<p>Meanwhile, the Sui community has rallied behind Cetus Protocol&#8217;s recovery efforts following its recent hack, with validators overwhelmingly approving a plan to return frozen funds to affected users.<\/p>\n<h4>Technical Analysis Highlights<\/h4>\n<ul>\n<li>SUI-USD dropped precipitously from $3.59 to a low of $3.38 during the midnight hour with extraordinary volume (24.8M) &#8211; more than triple the average hourly trading activity.<\/li>\n<li>The overall range of $0.225 (6.25%) demonstrates substantial market uncertainty, with price finding support at $3.40-$3.42 on high volume, suggesting strong buyer interest at these levels.<\/li>\n<li>Following the sharp decline, SUI has established a recovery pattern, forming an ascending channel with resistance around $3.50, though momentum appears to be waning as evidenced by the recent rejection at $3.48 with increasing selling pressure.<\/li>\n<li>Price action formed a descending channel from $3.48 to a low of $3.42, with notable support emerging at $3.43.<\/li>\n<li>Volume spiked dramatically at 14:00, reaching 545,865 units\u2014nearly 4x the hourly average\u2014coinciding with a strong bounce from $3.43 to $3.44.<\/li>\n<li>The subsequent rejection at $3.44 and retracement to $3.43 suggests the formation of a potential range-bound pattern, with immediate resistance at $3.44 and support at $3.43, indicating market indecision following the earlier sharp decline.<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency market faces headwinds as geopolitical tensions and security concerns weigh on investor sentiment. SUI&#8217;s sharp overnight decline coincides with broader market uncertainty, though strong buyer interest emerged at support levels around $3.40-$3.42. Meanwhile, the Sui community has rallied behind Cetus Protocol&#8217;s recovery efforts following its recent hack, with validators overwhelmingly approving a plan [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-29488","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29488"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29488\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}