The native token of Sui, a next-generation Layer-1 blockchain, continues to attract attention with its bullish weekly structure, even after a failed attempt to break resistance levels. Trader
The native token of Sui, a next-generation Layer-1 blockchain, continues to attract attention with its bullish weekly structure, even after a failed attempt to break resistance levels. Traders are closely monitoring support zones as SUI maintains the potential for a significant recovery.
SUI is currently priced at $0.7386, registering a 6.43% drop in the last 24 hours amid a 24-hour trading volume of $476.35 million. Its total market capitalization stands at $3 billion.
Crypto analyst Sui Insiders reported that SUI bounced from a long-term weekly trendline after an initial breakout attempt faced rejection. This retracement has set up possible accumulation opportunities for traders, with key support identified at $0.72. If selling pressure increases, traders may look to $0.64 and the long-term $0.57 weekly low as further support levels.
Sui Insiders noted that while the breakout failed, the underlying bullish setup for SUI remains active, and a dip to $0.57 could enable a shakeout of weaker holders, paving the way for stronger buyers to enter the market.
If SUI stabilizes above these supports and successfully reclaims the weekly trendline, the analyst indicated that the price could target $2, implying a potential 257% upside from current levels.
Price LevelRole$0.72Initial support$0.64Secondary support$0.57Key weekly low$2.00Target if bullish recoveryKuCoin Web3 Wallet, part of the KuCoin ecosystem, announced its support for Sui mainnet tokens. This development allows users to manage Sui-compatible assets and interact with a range of dApps built on the Sui blockchain.
A spokesperson from KuCoin Web3 Wallet described the integration as a step toward seamless asset management and direct participation in the Sui ecosystem, highlighting reduced barriers for users exploring decentralized finance (DeFi) and cross-border payment solutions on Sui.
With Sui assets now live in the KuCoin Web3 Wallet, users can experience efficient access to financial applications across the Sui network.
Sui’s underlying architecture emphasizes scalability and rapid transaction speeds, targeting adoption in sectors requiring efficient and secure financial infrastructure.
Mini dictionary: Sui, a Layer-1 blockchain project developed for high throughput and instant settlement, focuses on decentralized applications and payments, offering a suite of developer tools for building secure, scalable services in the Web3 space.
Despite network expansion and bullish predictions, SUI’s price has trended downward, reflecting caution across the broader crypto market as Bitcoin’s momentum has cooled.
Traders are expected to focus on whether SUI can defend the $0.72 support and eventually break the weekly trendline resistance to advance toward the $2 mark. A failure to sustain these levels could see SUI drop to $0.64 or $0.57.
The recent KuCoin integration is anticipated to lower entry barriers for new users, supporting further adoption and activity on the network as blockchain technology evolves.
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