SUI Rebounds From Key Support as Nasdaq-Listed Lion Group Eyes Treasury Purchase

Sui (SUI) SUI is trading at $2.6481, down 2.03% in the past 24 hours, after rebounding from the $2.58–$2.60 support range during the June 26–27 session, according to CoinDesk Research's technical analysis model.

The bounce followed a steep intraday decline from $2.70 to $2.58 but was supported by renewed volume and improved sentiment tied to institutional interest.

A key development came via Lion Group Holding Ltd. (LGHL), which on June 26 announced its intention to acquire SUI tokens as part of a broader $600 million crypto treasury strategy.

In a press release, the Singapore-based Nasdaq-listed firm confirmed a $2 million acquisition of HYPE tokens at an average price of $37.30, marking the first strategic purchase under this program. The company also said it intends to use future proceeds from its convertible debenture 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 its convertible facility for token acquisitions, including SUI, and the rest for broader crypto operations and working capital.

Lion Group operates a multi-asset trading platform offering services such as total return swaps (TRS), contracts-for-difference (CFDs), OTC stock options, and brokerage for securities and futures. 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 heightened activity in the SUI ecosystem, including strong buying at the $2.60 level and a late-session V-shaped recovery on elevated volume, which helped push the token toward its current 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 during the 21:00 UTC session on June 26, followed by accumulation signs.
• Multiple rejection wicks emerged near $2.66, confirming short-term resistance during 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.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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