Needle
According to the technical analysis model of Coindesk Research, after rebounding from $ 2.58- $ 2.60 support range during the June 26-27 season, trading at $ 2.6481 below 2.03% in the last 24 hours.
The boom followed a steep intraday decline from $ 2.70 to $ 2.58, but was renewed by the volume and improved the sentiment associated with institutional interest.
A significant development came through Lion Group Holding Limited. (LGHL)Which on 26 June Announced Its intention to acquire needle tokens as part of a comprehensive $ 600 million crypto treasury strategy.
In a press release, Singapore-based Nasdac-list firm mark the first strategic purchase under the event, confirming an $ 2 million acquisition of the hype tokens at an average price of $ 37.30. The company also said that it intends to use future income with its convertible debenture facility to buy Soland needle.
CEO Wilson Wang described the promotion as a “basic execution-first property” and said that LGHL sees it as a core infrastructure for the future of capital markets. The firm planned to use at least 75% net income from each closing of its convertible feature for token acquisition, including the needle, and for the rest of the comprehensive crypto operations and working capital.
The Lion Group offers a multi-asset trading platform like total returns swap (TRS)Difference for contract (CFD)OTC stock options, and brokerage for securities and futures. The firm emphasized its growing commitment to layer -1 blockchain ecosystems and said it would continue to update the market on the development of Treasury Reserve.
The announcement follows the increased activity in the SUI ecosystem, including strong purchases at the level of $ 2.60 and a late session V-size recovery on advanced volumes, which helped push the tokens towards its current value. Analysts remain alert, taking into account the resistance around $ 2.66, but the short -term spirit has improved.
Technical analysis highlights
- SUI traded within a 24-hour range of $ 2.58 to $ 2.70, showing a drop of 4.5% in the trough from the summit.
- A temporary floor was formed at $ 2.58 during the 21:00 UTC session on 26 June, followed by accumulation signal.
- On June 27, several rejections emerged near Vicks $ 2.66, confirming short -term resistance during 09: 00–11: 00 UTC window.
- On June 27, a slightly rapidly reversed pattern appeared from 07:51 to 08:24 UTC, with a recovery of 0.9% from $ 2.61 to $ 2.63.
- On 27 June, a sequence of high climbing developed from 01:00 to 08:00 UTC, indicating speed in gradual shifts.
- The volume was 18% above the 24-hour average during the recovery phase starting on 27 June 08:00 UTC, strengthening the support at $ 2.60.
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