Share this article
SUI Surges 5% on Triple Volume Breakout Amid Trade Talks Between U.S. and China
The Sui blockchain token is seeing new support levels as as delegations from the U.S. and China meet in London.
Jun 9, 2025, 3:08 p.m.
What to know:
- SUI surged 4.7% with triple average volume, establishing strong support at $3.24 amid broader market volatility.
- Central banks signal potential monetary policy shifts as inflation concerns grow amid escalating global trade conflicts.
Global markets are navigating choppy waters as delegations from both the U.S. and China are meeting in London to discuss solutions in the ongoing trade war between the two economies. As a result, SUI, the native token of the Sui blockchain, demonstrated remarkable strength with a 4.7% price increase on explosive trading volume, establishing key support at $3.24 after a V-shaped recovery pattern that suggests renewed bullish momentum. This performance comes as investors seek alternative assets amid growing concerns about traditional market stability.
Meanwhile, the CoinDesk 20 Index, which serves as a gauge for the broader crypto market, rose 0.75% over the past 24 hours.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Technical Analysis Highlights
- SUI-USD climbed from $3.20 to $3.30, representing a 4.7% gain over the past 24 hours.
- Price action formed a clear uptrend with higher lows and higher highs.
- Volume spiked to 18.2 million during in U.S. morning hours, nearly triple the 24-hour average.
- Strong support was established at $3.24, with resistance emerging at $3.336.
- The $3.30 level now serves as a critical pivot point for further upside potential.
- The 3.316 level was established as a new support zone following the recovery.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
LUNC Surges Over 160% in a Week as Do Kwon Sentencing and Token Burns Draw Traders
The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns.
What to know:
- Terra Classic (LUNC) surged 74% to $0.0000072, up 160% in the past week, on exploding trading volume, ahead of Terraform Labs founder Do Kwon's sentencing on Dec. 11.
- The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns, with 849 million LUNC destroyed in the past week.
- The token's momentum is also fueled by Binance's pause on LUNC withdrawals ahead of the Terra Chain's v2.18 upgrade, which aims to improve network stability, despite the token remaining volatile.
Top Stories
