Latest news with #SUI-USD
Yahoo
09-06-2025
- Business
- Yahoo
SUI Surges 5% on Triple Volume Breakout Amid Trade Talks Between U.S. and China
Global markets are navigating choppy waters as delegations from both the U.S. and China are meeting in London to discuss solutions in the ongoing trade war between the two economies. As a result, SUI, the native token of the Sui blockchain, demonstrated remarkable strength with a 4.7% price increase on explosive trading volume, establishing key support at $3.24 after a V-shaped recovery pattern that suggests renewed bullish momentum. This performance comes as investors seek alternative assets amid growing concerns about traditional market stability. Meanwhile, the CoinDesk 20 Index, which serves as a gauge for the broader crypto market, rose 0.75% over the past 24 hours. Technical Analysis Highlights SUI-USD climbed from $3.20 to $3.30, representing a 4.7% gain over the past 24 hours. Price action formed a clear uptrend with higher lows and higher highs. Volume spiked to 18.2 million during in U.S. morning hours, nearly triple the 24-hour average. Strong support was established at $3.24, with resistance emerging at $3.336. The $3.30 level now serves as a critical pivot point for further upside potential. The 3.316 level was established as a new support zone following the recovery. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Sign in to access your portfolio
Yahoo
30-05-2025
- Business
- Yahoo
SUI Plunges 6% Overnight Before Buyers Step in at $3.40 Support
The cryptocurrency market faces headwinds as geopolitical tensions and security concerns weigh on investor sentiment. SUI's sharp overnight decline coincides with broader market uncertainty, though strong buyer interest emerged at support levels around $3.40-$3.42. Meanwhile, the Sui community has rallied behind Cetus Protocol's recovery efforts following its recent hack, with validators overwhelmingly approving a plan to return frozen funds to affected users. SUI-USD dropped precipitously from $3.59 to a low of $3.38 during the midnight hour with extraordinary volume (24.8M) - more than triple the average hourly trading activity. The overall range of $0.225 (6.25%) demonstrates substantial market uncertainty, with price finding support at $3.40-$3.42 on high volume, suggesting strong buyer interest at these levels. Following the sharp decline, SUI has established a recovery pattern, forming an ascending channel with resistance around $3.50, though momentum appears to be waning as evidenced by the recent rejection at $3.48 with increasing selling pressure. Price action formed a descending channel from $3.48 to a low of $3.42, with notable support emerging at $3.43. Volume spiked dramatically at 14:00, reaching 545,865 units—nearly 4x the hourly average—coinciding with a strong bounce from $3.43 to $3.44. The subsequent rejection at $3.44 and retracement to $3.43 suggests the formation of a potential range-bound pattern, with immediate resistance at $3.44 and support at $3.43, indicating market indecision following the earlier sharp decline.
