Key Takeaways
- SUI’s strategic partnership with the World Liberty Finance project has gained much buzz in the crypto space following a price rally to $3.
- The price of SUI needs to break above $3.5 to resume its bullish price action.
- A break close below SUI’s support zone of $2.4 could see the price decline into the $1.6 demand zone, acting as the next key area of interest.
Donald Trump’s World Liberty Finance (WLFI) has partnered with the SUI network to create a strategic SUI Reserve, sparking much buzz in the crypto space as the price of SUI surged to a high of $2.9 following the news with the DeFi project looking to collaborate with other top layer-1 blockchain for other developments in the crypto space.
In an official statement on X, the SUI team stated they are excited about this partnership with WLFI because of their shared vision of providing an open and transparent financial world. They would be looking at including SUI in its WLFI strategic token reserve, which is aimed at boosting lending in the Web3 space, with more development in the pipeline.
SUI’s COO, Adeniyi, took to his X post to applaud the partnership, highlighting how the team is in a high spirit to achieve a lot in the crypto space and with WLFI following SUI’s emergence in less than 2 years and has experienced tremendous growth as one of the best layer-1 blockchain used by many with many developments in the pipeline.
SUI’s recent partnership with WLFI is a huge step in the right direction for the community and a big advantage for WLFI, which will make its entrance into the crypto space with a strong community and developers building robust technology that will stand the test of time.
This partnership could lead to more upside potential for SUI and a double-digit as many crypto analysts are already speaking about its potential, considering how strong the price of SUI has performed in the last year, generating credible ROI for many investors and traders.
SUI Price Rallies – Is Price Headed to $10
Source – SUI 1D Price Chart From TradingView
The price of SUI in the last year has seen a more than 1,000% price rally as one of the best-performing crypto assets in the crypto market, as many crypto experts and investors have been drawn to its unique technology.
Despite rallying to a high of $5.5, the price of SUI has faced much price decline in the past few months, from its high to a region of $2.4, over 50% price decline for the crypto asset. The price trades around its key support zone of $2.4, with the price looking to resume its uptrend price rally.
If the price of SUI fails to protect its $2.4 support, it could decline toward its low of $1.6, which could affect the overall market trend for SUI and the market sentiment of traders and investors.
A break and close for SUI above $3.5 could see the price resume its bullish price action to the upside as the price of SUI could continue its bullish price action towards its all-time high of $5.5 and a possible rally to a high of $7 to $10.
