Global markets navigate chopped waters such as delegations from both the US and China meet in London to discuss solutions in the ongoing trade war between the two economies. As a result, SUI demonstrated the native token of Sui-blockchain, a remarkable strength with a price increase of 4.7% on explosive trading volume, establishing key support for $ 3.24 following a V-shaped recovery pattern suggesting renewed Bullish Momentum. This performance comes as investors seek alternative assets in the midst of growing concerns about traditional market stability.
Meanwhile, the Coindesk 20 index, which acts as a meter for the wider crypto market, increased 0.75% over the last 24 hours.
Technical analysis highlights
- SUI-USD climbed from $ 3.20 to $ 3.30, representing a gain of 4.7% over the last 24 hours.
- Price action formed a clear increase with higher low and higher heights.
- Volume spiked at 18.2 million during the US morning hours, almost triple the 24-hour average.
- Strong support was established at $ 3.24 where resistance arose at $ 3,336.
- The $ 3.30 level level now acts as a critical turning point for further upward potential.
- The level of 3,316 was established as a new support zone after the restore.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy.
