SUI Gains 4.7% Amid Trade Talks Between U.S. and China, Volume Triples
SUI, the native token of the Sui blockchain, posted a strong rebound on Friday as high-level trade discussions between U.S. and Chinese officials kicked off in London. The token rose 4.7% over the past 24 hours, fueled by surging volume and bullish technical momentum.
Investors appear to be rotating into alternative digital assets amid macroeconomic uncertainty, with geopolitical headlines driving volatility across both traditional and crypto markets.
SUI surged from $3.20 to an intraday high of $3.30, forming a textbook V-shaped recovery and establishing new support at $3.24. A clear uptrend emerged, with higher highs and higher lows forming on strong momentum. Volume spiked to 18.2 million during U.S. morning trading—nearly three times the 24-hour average—underscoring increased market participation.
The $3.30 level is now acting as a key pivot zone, while near-term resistance has formed at $3.336. Analysts are watching whether bulls can maintain this momentum and push through overhead barriers.
The broader crypto market also moved higher, with the CoinDesk 20 Index up 0.75% in the last 24 hours.
SUI Technical Summary
- 24H Price Move: +4.7% ($3.20 → $3.30)
- Volume: 18.2M (≈3× daily average)
- Support Levels: $3.24 (primary), $3.316 (secondary)
- Resistance: $3.336
- Trend: Higher lows and highs, post-V recovery
- Pivot Zone: $3.30
