The global markets are sailing on agitated waters while delegations from the United States and China meet in London to discuss the solutions of the current trade war between the two economies. Consequently, SU, the native token of the AU blockchain, demonstrated a remarkable force with a price increase of 4.7% of the explosive negotiation volume, establishing key support at $ 3.24 after a V -shaped recovery model which suggests a renewal of the optimistic momentum. This performance comes as investors are looking for alternative assets in a context of increasing concerns concerning traditional market stability.
Meanwhile, the Coindesk 20 index, which serves as a gauge for the wider cryptography market, increased by 0.75% in the last 24 hours.
Strengths of technical analysis
- Sui-USD went from $ 3.20 to $ 3.30, representing a gain of 4.7% in the last 24 hours.
- Price action has been a clear rise in highest trend with higher stockings and higher ups.
- The volume increased to 18.2 million during American morning hours, almost triple the average of 24 hours.
- Solid support was established at $ 3.24, with resistance emerging at $ 3.336.
- The level of $ 3.30 now serves as a critical pivot point for additional increase potential.
- Level 3.316 was established as a new support area after the recovery.
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