- SUI gains 5.27%, reversing early losses and breaking key resistance at $2.39.
- INJ rises 6.23%, bouncing from $9.60 support and approaching $10.75 resistance.
- Trading volumes surge for both SUI (+56.53%) and INJ (+44.65%), boosting market sentiment.
The ongoing competition between SUI (Sui) and INJ (Injective) continues to draw attention, with both tokens displaying noteworthy price trends and market behavior. While recent data suggests that SUI may have overtaken Injective in year-to-date transactions, a closer look at their daily performance reveals interesting dynamics.
Both tokens demonstrated upward momentum over a one-day period, though their levels of volatility, support, and resistance varied. Additionally, their price behavior reflected correlated market reactions, hinting at shared investor sentiment.
Tracking SUI’s Daily Performance and Price Levels
SUI’s performance throughout the day highlighted a gradual climb despite some initial bearish momentum. The token started below the 0.00% line but eventually gained traction, aided by a midday spike.
After facing a brief dip, it resumed its upward movement, closing just under a 6% daily gain. This upward price trend reflected growing buyer confidence, especially as SUI broke past key resistance levels.
SUI’s price climbed to $2.39, marking a 5.27% increase. The day began with a slight dip, as the price fell to $2.23 before reversing sharply. This zone ($2.23–$2.25) became a crucial support level, where strong buying interest helped push the price higher.
Another level at $2.27, previously tested during an earlier dip, may also act as secondary support. On the resistance side, SUI faced pressure near $2.39–$2.40, a critical level that could unlock further upside if broken. A potential future target at $2.45 might emerge if bullish momentum continues, particularly with increased trading volume.
Injective’s Strong Recovery and Resistance Challenges
Injective (INJ) followed a similar pattern, starting the day below the 0.00% line before rebounding. INJ exhibited sharper volatility than SUI, with more pronounced spikes. By the end of the day, it had slightly outpaced SUI, closing above a 6% gain at $10.51.
Early in the session, INJ dipped to $9.60, where it found strong support and quickly reversed. The price later consolidated near $9.85–$9.90, which may serve as secondary support.
On the resistance front, INJ struggled near $10.60, where it met selling pressure. Breaking above this level could lead to the next resistance zone between $10.75 and $11.00, a historically significant range.
Comparing Market Sentiment and Investor Interest
Both SUI and INJ benefited from increased trading volume, with SUI’s 24-hour volume surging by 56.53%. This boost reflected heightened market interest.
Similarly, INJ’s trading volume spiked by 44.65%, aligning with its upward price movement. Besides price action, the market capitalization for both tokens grew, reflecting positive sentiment.
