SUI Token Breaks Key Resistance on Strong Volume, Pulls Back Amid Market Volatility
SUI, the native token of the layer-1 blockchain platform, experienced a notable breakout on Tuesday, rallying from $3.27 to $3.39 as trading volume surged. The token demonstrated a 5.2% volatility range during the session but gave back some of its gains, trading near $3.30 by midday U.S. hours.
The broader crypto market remains unsettled amid escalating geopolitical tensions and international trade disputes, with SUI’s price movement mirroring this volatility. The token’s recent consolidation around the $3.31 mark appears to have ended, as evidenced by a series of higher lows, signaling a potentially bullish structure despite minor retracements.
SUI successfully flipped prior resistance in the $3.29-$3.30 range into a support level, reinforcing confidence among traders. Meanwhile, continued innovation by the Sui Network in scalability and Web3 integration is driving growing interest from the investor community.
Key Technical Insights:
- SUI showed a 5.2% volatility window ($0.17) in the last 24 hours.
- Resistance was decisively broken between $3.37 and $3.39, on a volume surge of 14.6 million tokens.
- Former resistance at $3.29-$3.30 now acts as solid support.
- Price action reflects a completed accumulation phase with higher lows supporting bullish momentum.
- Some profit-taking was observed during U.S. morning trading, with the price settling near $3.30.
