Sui
The native token of Layer-1 blockchain, broke out of consolidation and climbed from $ 3.27 to $ 3.39, showing 5.2% volatility area in the middle of increased trade volume earlier on Tuesday.
Geopolitical tensions and ongoing trade disputes between larger economies create market uncertainty, where SUIS price action reflects a wider market mood.
The latest price consolidation near $ 3.31 suggests the end of the accumulation phase, with higher low taking down forming a bullish structure despite smaller retreats.
Global trade disputes and economic political shifts create ripples across cryptocurrency markets where SUI experiences remarkable price action as investors navigate in uncertain waters. The token’s recent outbreaks from a consolidation phase show resistance in the midst of wider market volatility, where support levels are formed at $ 3.29- $ 3.30 after previously serving as resistance. Meanwhile, SUI Network’s technological progress continues to attract attention with its focus on scalability and web3 integration positioning the unique within the blockchain ecosystem.
Technical analysis
- SUI showed a remarkable 5.2% volatility range ($ 0.17) over the 24-hour period.
- Key resistance established at $ 3.37- $ 3.39 supported by volume above average of 14.6 million.
- Support levels formed at $ 3.29- $ 3.30, which previously served as resistance before he was violated.
- Price action suggests the end of the accumulation phase with higher low down, forming a bullish structure.
- The token deleted some of its winnings in American morning hours and traded at $ 3.30 at the press time.
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