“Sui Bounced Near $ 2.58 As Nasdaq-Listed Lion Group Revealed Plans to Acquire Sui, Sol and Hype for It Crypto Treasury.”, – WRITE: www.coindesk.com
IS Trading AT $ 2.6481, Down 2.03% in the Past 24 Hours, After Rebounding from the $ 2.58– $ 2.60 Support Range Dringing The June 26–27 SESSION, ACCORDING TO COSNEESK Resesearch
The Bounnce Followed A steep intraaday decline from $ 2.70 to $ 2.58 But was Supported by Renewed Volume and Improved Sentiment Tied to Institute Interest.
A Key Development Came Via Lion Group Holding Ltd. (Lghl), whohn on june 26 Announced It Intention to Acquire sui tokens as part of a Broader $ 600 Million Crypto Treasury Strategy.
In a Press Release, The Singapore-Based Nasdaq-Lisdaq Firm ConfirMed A $ 2 Million Acquisition of Hype Tokens at An Average Price of $ 37.30, Marking The FIRSTAM. The Company Also Said IT Intends to Use Future Proceeds from Itvertible Debiture Facility to Purchase Soland Sui.
CEO Wilson Wang Described Hype as A “Foundational Execution-FIRST asset” and said lghl Views it as core infrastructure for the Future of Capital Markets. The FIRM Plans to Use at Least 75% of the Net Proceeds from Each Closing of Ittsable Facility for Token Acquisitions, Including Sui, And The Rest for Broader Crypto Oper.
Lion Group Operates a Multi-Asset Trading Platforming Services Suches Such as Total Return Swaps (TRS), Contracts-Foror-Difage (CFDS), Otc Stock Options, An. The FIRM EMPHASIZED ITS Growing Commitment to Layer-1 Blockchain Ecosystems and Said It Will Continue Updating The Market on Further Treasury Reserve Developments.
This Announcement Follows Heighened Activity in the Sui EcoSystem, Including Strong Buying at The $ 2.60 Level and A Late-Session V-Shaped Recovery on Eleaveated Volume, Which Helped Price. Analysts Remain Cautious, Noting Resistance AROUND $ 2.66, But Short-Term Sentiment Appears to have Improved.
Technical Analysis Highlights
- Sui Traded Within A 24-Hour Range of $ 2.58 to $ 2.70, Showing A 4.5% Decline from Peak to Trough.
- A TEMPORARY BOTTOM FORMED AT $ 2.58 Durying The 21:00 UTC SESSION ON JUNE 26, Followed BY accounting signs.
- Multiple Reject Wicks Emerged Near $ 2.66, Confirming Short-Term Resistance Durying The 09: 00–11: 00 UTC Window on June 27.
- A minor Bullish Reversal Pattern appeared from 07:51 to 08:24 UTC on June 27, with A 0.9% Recovery from $ 2.61 to $ 2.63.
- A Sequence of Higher Lows Developed from 01:00 to 08:00 UTC On June 27, Signaling Gradual Shift in Momentum.
- Volume Spiked 18% Above the 24-HOUR AVERAGE DURING THE RECOvery Phase Starting 08:00 UTC on June 27, Reinforcing Support at $ 2.60.
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