Date: Thu, March 06, 2025 | 03:06 PM GMT
The cryptocurrency market has once again turned its focus toward Sui (SUI), the prominent layer-1 blockchain, following an impressive 16% surge in the last 24 hours. The rally comes in response to a major partnership announcement with World Liberty Financial, a Donald J. Trump-inspired DeFi protocol.
SUI Partners with World Liberty Financial
In a major move, SUI has officially partnered with World Liberty Financial (WLFI), a DeFi protocol committed to fostering a more open and transparent financial ecosystem. As part of this collaboration, WLFI has included SUI in its strategic token reserve, aimed at supporting top Web3 projects.
The news has sparked renewed investor confidence in SUI, positioning it as a key player in the evolving DeFi and Web3 landscape.
Is a Breakout on the Horizon?
From a technical perspective, SUI is approaching a critical breakout level. Following the partnership news, the token jumped to $2.89, bringing it closer to the upper resistance of its falling wedge pattern while also testing the 200-day moving average (200MA).
If bullish momentum continues, a confirmed breakout and retest could fuel a strong rally, with SUI targeting the next key resistance levels at $3.48 and $3.78—a potential 28% upside from the current price. The 50-day moving average (50MA) also aligns with these targets, further validating the bullish outlook.
Final Thoughts
With a high-profile partnership, technical breakout signals, and growing institutional interest, SUI could be on the verge of a significant uptrend. If momentum holds, traders and investors may witness an extended rally in the coming weeks.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.