SUI Surges as U.S.–China Talks Spark Risk Appetite; Volume Triples
As high-level trade negotiations between the U.S. and China resumed in London, risk sentiment spilled into digital assets—boosting select tokens like SUI, the native asset of the Sui blockchain.
SUI rallied 4.7% over the past 24 hours, bouncing from $3.20 to touch $3.30, fueled by renewed investor appetite and a spike in trading activity. The move followed a classic V-shaped recovery, marking a shift in short-term momentum and establishing $3.24 as a fresh technical floor.
Trading volume exploded to 18.2 million, nearly triple the 24-hour average, as market participants reacted swiftly to the diplomatic developments. The sharp uptick suggests growing interest in alternative Layer 1 assets amid macroeconomic crosswinds and ongoing volatility in traditional markets.
The $3.30 zone now acts as a critical pivot point, with resistance identified at $3.336, and secondary support at $3.316. Chart watchers noted a constructive pattern of higher highs and higher lows, signaling potential for continued upside if broader sentiment remains favorable.
The broader crypto market also edged higher, with the CoinDesk 20 Index climbing 0.75%, tracking gains in majors like BTC and ETH.
🔍 Quick Take – SUI Technical Recap
- 24H Price Gain: +4.7%
- Volume: 18.2M (≈3× average)
- Structure: Bullish V-shaped rebound
- Key Support: $3.24 and $3.316
- Resistance Zone: $3.336
- Pivot Level: $3.30
