What You Need to Know:

• Sui experienced a 4.7% surge with triple the average trading volume, achieving solid support at $3.24 amidst prevailing market fluctuations.
• Central banks are hinting at possible shifts in monetary policy, raised by increasing inflation worries amid intensifying global trade disputes.

Global markets are facing uncertainty as U.S. and Chinese representatives convene in London to discuss resolutions to the ongoing trade conflict between the two powers. Consequently, Sui, the token of the Sui blockchain, showcased exceptional strength with a 4.7% increase, establishing crucial support at $3.24 following a recovery pattern that indicates renewed bullish momentum. This uptick occurs as investors turn to alternative assets amid rising concerns over traditional market volatility.

Additionally, the CoinDesk 20 Index, which reflects the broader crypto market, has increased by 0.75% over the last 24 hours.

Technical Analysis Insights:

• SUI-USD rose from $3.20 to $3.30, reflecting a 4.7% increase in the past day.
• Price behavior shows a distinct uptrend with higher lows and higher highs.
• Trading volume peaked at 18.2 million during U.S. morning sessions, nearly tripling the 24-hour average.
• Robust support has formed at $3.24, while resistance levels are emerging at $3.336.
• The $3.30 mark is now a pivotal point for potential upward movement.
• The 3.316 level has been identified as a new support zone, following the recovery.