SUI Token Rises 4.7% on High Trading Volume Amid U.S.-China Trade Talks
Global markets are affected by U.S.-China trade discussions in London. The native token of the Sui blockchain, SUI, rose by 4.7% to establish support at $3.24, driven by significant trading volume as investors look for alternatives amid traditional market instability.
The CoinDesk 20 Index increased by 0.75% in the last 24 hours.
Technical Analysis Highlights
- SUI-USD rose from $3.20 to $3.30, marking a 4.7% gain.
- Price action shows an uptrend with higher lows and highs.
- Volume reached 18.2 million, nearly three times the average.
- Support is at $3.24; resistance is at $3.336.
- $3.30 is a critical pivot point for potential upside.
- New support zone established at $3.316 following recovery.