Global markets are driving rough waters as delegations from the United States and China meet in London to discuss solutions to the ongoing trade war between the two economies. As a result, Sui, the local token of SUI blockchain, showed outstanding strength, with explosive transaction volume rising by 4.7%, and increased by $3.24 after the V-shaped recovery model showed a new bullish momentum. This performance comes as investors seek alternative assets due to increasing attention to traditional market stability.
Meanwhile, the Coindesk 20 index is the meter of the wider cryptocurrency market over the past 24 hours, up 0.75%.
Technical analysis highlights
- SUI-USD rose from $3.20 to $3.30, up 4.7% over the past 24 hours.
- Price action forms a clear uptrend, lows and higher highs.
- In the morning hours of the U.S., the number soared to 18.2 million, almost three times the average 24-hour period.
- Strong support was set at $3.24 and resistance was present at $3.336.
- The $3.30 level is now a key pivot point to achieve further upward potential.
- Level 3.316 is established as a new support zone after recovery.
Disclaimer: Part of this article was generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full How leafy are you.
