SUI Falls Below $2.00 Support as Volume Spikes and Traders Eye Key Reversal Pattern

💡 DMK Insight

A 2.5% drop in the Layer-1 token could signal a buying opportunity if the double-bottom holds. The increase in trading volume suggests heightened interest, which often precedes price reversals. If the token can maintain support around the double-bottom level, traders might see a rebound in the near term. Keep an eye on the volume trends; a sustained increase could confirm bullish momentum. Conversely, if the price breaks below the double-bottom, it could trigger further selling pressure, leading to a deeper correction. Watch for key resistance levels that could emerge if the rebound materializes, as they will be critical for determining the strength of any upward movement. The next few days will be crucial for gauging whether this rebound is genuine or just a temporary blip.