The global markets are sailing through the choppy waters as the delegations of the United States and China meet in London to discuss solutions in the current trade war between the two economies. As a result, Sui, the native token of the sui block chain, demonstrated a notable force with an increase in the price of 4.7% in the explosive negotiation volume, establishing a key support at $ 3.24 after a V -form recovery pattern that suggests a renewed renewed impulse. This performance occurs when investors seek alternative assets in the midst of growing concerns about the stability of the traditional market.
Meanwhile, the Coendesk 20 index, which serves as the wider cryptographic market, increased 0.75% in the last 24 hours.
TECHNICAL ANALYSIS
- SUI-USD rose from $ 3.20 to $ 3.30, which represents a 4.7% gain in the last 24 hours.
- The price action formed a clear higher trend with higher and higher minimums.
- The volume increased to 18.2 million during the morning hours of the United States, almost tripling the average of 24 hours.
- Strong support was established at $ 3.24, with a resistance that arose at $ 3336.
- The level of $ 3.30 now serves as a critical pivot point for greater upward potential.
- The level of 3,316 was established as a new support zone after recovery.
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