The native token of the Sui blockchain network, SUI, witnessed a notable 4.7% price surge in the past 24 hours, driven by triple average trading volume. This breakout coincided with global market volatility and renewed investor interest amid ongoing trade talks between the U.S. and China in London.
Macroeconomic Context Supports Altcoin Momentum
As global central banks signal potential monetary policy changes due to rising inflation and recessionary concerns, investors are looking for safer and more growth-oriented assets. The high-level meetings between the U.S. and China added uncertainty, pushing traders toward alternative assets like crypto.
SUI formed a V-shaped recovery pattern with strong buying interest, hinting at renewed bullish momentum in the crypto sector.
Price Action and Volume Analysis
SUI-USD traded from $3.20 to $3.30, securing a 4.7% gain. More notably, trading volume surged to 18.2 million, nearly three times the 24-hour average, reflecting significant interest in the asset during the U.S. morning session.
Support was confirmed at $3.24, a critical level that held during the V-reversal pattern.
Resistance emerged at $3.336, which could act as the next barrier to price expansion.
Technical Indicators Highlight Uptrend Formation
- Higher lows and higher highs indicate a bullish continuation pattern
- The $3.30 level now acts as a pivot zone for price movement in either direction
- $3.316 was established as near-term support, offering a buffer for consolidation
If SUI maintains volume and holds above $3.24, further upside toward $3.336 and beyond could be likely.
Broader Market Support
The broader crypto market index rose 0.75% in the same time frame, adding support to SUI’s price action. With altcoins like SUI outperforming, market sentiment appears cautiously optimistic amid macro uncertainty.
Conclusion
SUI-USD gained 4.7% on triple average volume, forming a V-shaped recovery and breaking past key levels of $3.24 support and $3.30 resistance. With high-level geopolitical meetings influencing investor behavior, crypto assets like SUI are seeing renewed momentum. Technical signals remain bullish as long as support at $3.24–$3.316 holds, with resistance at $3.336 acting as the next target.