“Market Volatility Intensified As Geoplitical Tensions and Protocol Recovery Efforts Create Conflicting Signals for Traders”, – WRITE: www.coindesk.com
Sui plunges 6% overnight before buyers step in at $ 3.40 SupportMarket Volatility Intensified As Geoplitical Tensions and Protocol Recovery Efforts Create Conflicting Signals for Traders May 30, 2025, 2:30 PM
The Cryptocurrency Market Faces Headwinds As Geoplitical Tensions and Security Concerns Weight on Investor Sentiment.
Sui’s Sharp Overnight Decline Coincides with Broader Market Uncertainty, Thought Strong Buyer Interest Emerged at Support Levels AROUND $ 3.40- $ 3.42.
Meanwhile, The Sui Community Has Rallied Behind Cetus Protocol’s Recovery Efforts Following ITS Recent Hack, with Validars Overwhelmingly Approving a Plan to Return Funds.
Technical Analysis Highlights
- Sui -USD Droped Precipitously from $ 3.59 to A Low of $ 3.38 Durying The Midnight Hour with Extraordinary Volume (24.8m) – More Than Triple The AVERAGE HOURLY TRADING ACTIVITY.
- 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.
- Following the Sharp DECLINE, SUI HAS ESTABLISHED A Recovery Pattern, Forming An Ascending Channel with Resistance AUNDC Selling Pressure.
- Price Action ForMed A descending Channel from $ 3.48 to A Low of $ 3.42, with Notable Support Emerging AT $ 3.43.
- Volume Spiked Dramatical at 14:00, Reaching 545,865 Units – NEARLY 4X The Hourly Average – Coinciding with A Strong Bounnce from $ 3.43 to $ 3.44.
- The Subsequent Reject at $ 3.44 and Retracement to $ 3.43 Suggests The Formation of a Potential Range-Bound Pattern, with ImMediate Resistance at $ 3.44 and Supic at $ 3.43 Earlier Sharp Decline.
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Oliver Knight
Oliver Knight is the Co-LEADER OF COINDESK DATA TOKENS AND DATA TEAM. Before joining coindesk in 2022 Oliver Spen Three Years As the Chief Reporter at Coin Riveet. He First Started Investing in Bitcoin in 2013 and Spen A Period of His Career Working at A Market Making Firm in the UK. He does not currently have any crypto holdings.
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