The SUI price continues to trade below the $ 3 mark, struggling to gain momentum despite Trump’s world liberty financial financial financial financial. What will happen next?
Currently Crypto.news price according to the tracker is experiencing trade, SUI (SUI) weak speed. At 42.39, the relative power index indicates that the property is not oversold, but is still in the recession area.
At 50-day EMA at $ 3.35 and 200-day EMA at $ 3.02, both indicate a recession tendency. If sales pressure increases, the support is located around $ 2.70 and $ 2.50, while resistance is at $ 3.57.
Meanwhile, rising merchant activity has been shown by an increase of 10% in open interest in the last 24 hours, as according to coating dataAlthough Momentum can be improved by steps above $ 3, a long -term recovery depends on increased demand and strong decentralized finance activity.
According to the needle’s Defef Ecosystem has shown mixed signals, according to data From Difilama. The total value locked decreased from $ 2.05 billion to $ 1.25 billion in January, reflecting capital outflow. Meanwhile, the market capitalization of Stablecoins has climbed from $ 378 million to $ 648 million, indicating more liquidity.
Trading activity seems to have a decrease, however, the monthly decentralized exchange volume fell from $ 12 billion in January to $ 7 billion in February.
SUI announced a partnership with the World WLFI, a trump-supported Defi protocol, which raised $ 300 million on 6 March. The partnership forced to discover the possibilities of product development and add SUI to WLFI’s strategic token reserve. SUI initially increased the news of partnership by about 18%, but has cooled this speed.
Arkham intelligence data WLFI had no meaningful sui holdings before the announcement, doubting the immediate effect, but the traders left to guess that WLFI would soon start receiving the SuI.
The SUI has also expanded institutional interest, in which Vaneck launched the first SUI-supported exchange-traded product last year. While it offers maximum risk to property, it is yet to run continuous purchase pressure. The needle, which competes with atherium and solana, claims a market cap of $ 8.6 billion and claims transaction speed up to 297,000 TPs.
