SUI Surges 5% Before Erasing Gains Amid Crypto Volatility

The native token of the layer-1 blockchain platform broke key resistance on increased trading volume and bullish momentum, but erased some of its gains later. SUI SUI$3.26, the native token of the layer-1 blockchain, broke out from consolidation, climbing from $3.27 to $3.39, showing 5.2% volatility range amid increased trading volume earlier on Tuesday. Geopolitical tensions and ongoing trade disputes between major economies are creating market uncertainty, with SUI's price action reflecting broader market sentiment. Recent price consolidation near $3.31 suggests accumulation phase completion, with higher lows forming a bullish structure despite minor pullbacks. Global trade disputes and economic policy shifts are creating ripples across cryptocurrency markets, with SUI experiencing notable price action as investors navigate uncertain waters. The token's recent breakout from a consolidation phase demonstrates resilience amid broader market volatility, with support levels forming at $3.29-$3.30 after previously acting as resistance. Meanwhile, Sui Network's technological advancements continue to attract attention, with its focus on scalability and Web3 integration positioning it uniquely within the blockchain ecosystem. Technical Analysis 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. Helene is a New York-based markets reporter at CoinDesk, covering the latest news from Wall Street, the rise of the spot bitcoin exchange-traded funds and updates on crypto markets. She is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH. “AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk's AI Policy. https://www.coindesk.com/markets/2025/06/03/sui-surges-5-before-erasing-gains-as-global-economic-tensions-fuel-crypto-volatility #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple