SUI Token Breaks Key Resistance on Strong Volume Before Pulling Back Amid Market Uncertainty
The native token of the layer-1 blockchain platform, SUI, surged past a critical resistance level earlier Tuesday, fueled by increased trading volume and bullish momentum, before giving back some of its gains.
SUI rose from $3.27 to a high of $3.39, reflecting a 5.2% volatility range amid heightened market activity. However, by U.S. morning hours, the token had retraced to around $3.30.
Ongoing geopolitical tensions and trade disputes between major economies continue to fuel uncertainty across financial markets, and SUI’s price action mirrors this broader sentiment. After a consolidation phase near $3.31, technical indicators suggest that accumulation may have completed, supported by a series of higher lows forming a bullish pattern despite minor pullbacks.
SUI’s recent breakout from resistance levels between $3.29 and $3.30 — once barriers that the token struggled to overcome — highlights resilience amid volatile market conditions. Meanwhile, Sui Network’s continued focus on scalability and Web3 integration has attracted investor interest, positioning the project favorably within the competitive blockchain landscape.
Technical Highlights
- SUI experienced a 5.2% volatility range ($0.17) over 24 hours.
- Key resistance was established between $3.37 and $3.39 on volume surpassing 14.6 million tokens.
- Support levels formed at $3.29–$3.30, a previous resistance zone now flipped to support.
- Price action indicates completion of an accumulation phase with higher lows reinforcing a bullish outlook.
- The token gave back some gains during U.S. trading hours, settling near $3.30 at the time of reporting.
