SUI token price rebounds from support range with Lion Group's $600 million treasury strategy

From Yahoo Finance: 2025-06-27 05:05:00

SUI token price dips to $2.6481, down 2.03% in 24 hours, rebounding from $2.58-$2.60 support range. Lion Group acquires SUI tokens as part of $600 million crypto treasury strategy. CEO Wilson Wang emphasizes HYPE token as core infrastructure for capital markets. Lion Group commits to purchasing SOL and SUI.

Lion Group, a Nasdaq-listed firm, acquires $2 million in HYPE tokens at $37.30 average price. Plans to use convertible debenture facility proceeds to buy SOL and SUI. Commits at least 75% of net proceeds for token acquisitions. Lion Group focuses on layer-1 blockchain ecosystems and updates on treasury reserve developments.

SUI ecosystem sees strong buying at $2.60 level, late-session recovery driving token price. Analysts cautious of resistance at $2.66, but short-term sentiment improves. Lion Group’s commitment to SUI boosts market confidence. Technical analysis shows temporary bottom at $2.58, resistance near $2.66, and bullish reversal pattern.

Technical analysis indicates SUI trading in $2.58-$2.70 range with 4.5% peak-to-trough decline. Accumulation signs at $2.58, rejection wicks near $2.66. Minor bullish reversal pattern at $2.61 to $2.63. Higher lows signal momentum shift. Volume spikes 18% above 24-hour average, reinforcing $2.60 support.

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