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.
Source: Coinmarketcap 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.
Source: @SuiNetwork (X) 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.
