SUI (SUI) is currently settled on a significant high-timeframe support zone, which includes the VWAP point of control, daily support, and weekly support.
Stablecoin supply across Sui reached over $721 million, demonstrating increasing user participation rates.
A break above $2.52 may trigger into double bottom pattern along with possible bullish reversal.
If support continues to hold strong and price breaks out over the local range high, SUI might make a double-bottom—a classic reversal pattern.