SUI Token Shows Resilience with 5% Surge Amid Market Volatility

SUI, the native token of the Sui Network’s layer-1 blockchain, experienced a 5% price surge before retracing during Tuesday’s trading session. Breaking out from a consolidation range between $3.27-$3.39, SUI demonstrated the volatility characteristic of crypto markets amid geopolitical tensions and trade disputes.

Technical analysis indicates accumulation completed NEAR $3.31, with higher lows forming a bullish pattern despite minor pullbacks. The token established support at $3.29-$3.30 - a previous resistance zone - while facing strong resistance at $3.37-$3.39 on elevated trading volume of 14.6 million.

The sui Network continues gaining developer traction through its scalable infrastructure and Web3 integration focus, potentially providing fundamental support for its token during broader market uncertainty. The 24-hour price action revealed significant volatility with a $0.17 (5.2%) trading range as market participants navigate macroeconomic headwinds.