SUI Shows 5% Price Swings as Crypto Market Faces Uncertainty

SUI, the native token of the sui Network blockchain, experienced a 5.2% surge before pulling back in a volatile trading session, mirroring broader market instability fueled by geopolitical tensions and trade conflicts. The token’s price oscillated between $3.27 and $3.39, establishing $3.37-$3.39 as a critical resistance zone and $3.29-$3.30 as new support levels.

Technical analysis indicates the completion of an accumulation phase, with higher lows forming a bullish pattern despite minor retracements. Trading volume jumped to 14.6 million during the breakout, signaling growing investor interest in this layer-1 protocol.

The Sui Network continues attracting attention for its scalable infrastructure and Web3 integration, carving out a distinctive position in the competitive blockchain space. Analysts observe that such price volatility has become typical for crypto assets navigating turbulent macroeconomic conditions.