SUI Climbs 5% Before Losing Momentum Amid Crypto Market Swings

SUI Token Breaks Out on Volume Surge Before Retracing Gains Amid Market Uncertainty

SUI, the native cryptocurrency of the layer-1 blockchain platform, surged past a key resistance level Tuesday, climbing from $3.27 to $3.39 on heightened trading volume and bullish momentum. However, the token later relinquished some gains, trading around $3.30 at the time of reporting.

The ongoing geopolitical tensions and trade disputes among global powers continue to weigh on investor sentiment, and SUI’s price action reflects this cautious market environment. After a consolidation phase near $3.31, technical indicators suggest that accumulation is complete, with a pattern of higher lows forming a solid bullish base despite minor pullbacks.

SUI’s breakout above previous resistance at $3.29-$3.30 — now a confirmed support zone — signals potential for further upward movement, supported by the project’s ongoing developments in scalability and Web3 integration that continue to attract investor attention.

Technical Overview:

• SUI exhibited a 5.2% intraday volatility range ($0.17) in the past 24 hours.
• Resistance was breached between $3.37 and $3.39 on robust volume of 14.6 million tokens.
• Support has formed at $3.29-$3.30, marking a key level previously serving as resistance.
• Price action suggests a completed accumulation phase with higher lows supporting bullish momentum.
• Some profit-taking occurred during U.S. morning trading, with the token settling near $3.30.