SUI Rebounds 2.03% After Lion Group's $600 Million Crypto Strategy

SUI, a prominent cryptocurrency, recently experienced a rebound from its key support level of $2.58, following a steep intraday decline from $2.70. This recovery was driven by renewed volume and improved sentiment, particularly tied to institutional interest. The bounce occurred during the June 26–27 session, as indicated by CoinDesk Research's technical analysis model.

A significant development contributing to this rebound was the announcement by Lion Group Holding Ltd. (LGHL), a Singapore-based Nasdaq-listed firm. On June 26, LGHL revealed its intention to acquire SUI tokens as part of a broader $600 million crypto treasury strategy. The firm confirmed a $2 million acquisition of HYPE tokens at an average price of $37.30, marking the first strategic purchase under this program. LGHL also plans to use future proceeds from its convertible debenture facility to purchase SOL and SUI.

CEO Wilson Wang described HYPE as a "foundational execution-first asset" and highlighted its importance as core infrastructure for the future of capital markets. The firm intends to allocate at least 75% of the net proceeds from each closing of its convertible facility for token acquisitions, including SUI, with the remaining funds used 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's growing commitment to layer-1 blockchain ecosystems was emphasized, with plans to continue updating the market on further treasury reserve developments.

This announcement coincided with heightened activity in the SUI ecosystem, including strong buying at the $2.60 level and a late-session V-shaped recovery on elevated volume. These factors helped push the token toward its current price of $2.6481, which represents a 2.03% decline in the past 24 hours. Analysts remain cautious, noting resistance around $2.66, but short-term sentiment appears to have improved.

Technical analysis highlights include SUI trading 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 a 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.