Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13105
Markets: 101189
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
13105
Cryptocurrencies
60.37%
Bitcoin Share
crypto.news 2025-03-07 07:08:27

SUI struggles below $3 as price action weakens – Can the WLFI partnership lead to a reversal?

SUI struggles below $3 as price action weakens – Can the WLFI partnership lead to a reversal?

Sui price continues to trade below the $3 mark, struggling to gain momentum despite a recent partnership with Trump’s World Liberty Financial. What’s next? Currently trading at $2.75 according to crypto.news price tracker , Sui ( SUI ) is experiencing weak momentum. At 42.39, the relative strength index indicates that the asset is not oversold but is still in bearish territory. The 50-day EMA at $3.35 and the 200-day EMA at $3.02, both signal a bearish trend. If selling pressure increases, support is located around $2.70 and $2.50, while resistance is at $3.57. Sui technical analysis. Credit: crypto.news In the meantime, rising trader activity is shown by a 10% rise in open interest over the past 24 hours, as per Coinglass data . Although momentum might be improved by a move above $3, a longer-term recovery depends on increased demand and stronger decentralized finance activity. Sui’s DeFi ecosystem has shown mixed signals, according to data from DefiLlama. Total value locked has dropped from $2.05 billion in January to $1.25 billion, reflecting capital outflows. Meanwhile, the market capitalization of stablecoins has climbed from $378 million to $648 million, a sign of greater liquidity. You might also like: Trump’s World Liberty Financial purchases $21.5M in ETH, WBTC and MOVE There appears to be a decrease in trading activity, though, as the monthly decentralized exchange volume dropped from $12 billion in January to $7 billion in February. Sui announced a partnership with World WLFI, a Trump-backed DeFi protocol that has raised $300 million, on Mar. 6. The partnership entails exploring product development prospects and adding SUI to WLFI’s strategic token reserve. SUI initially surged about 18% on news of the partnership, but the momentum has since cooled. Arkham Intelligence data shows WLFI had no meaningful SUI holdings before the announcement, casting doubt about the immediate impact but leaving traders speculating that WLFI will soon start acquiring SUI. Institutional interest in Sui has also expanded, with VanEck launching the first SUI-backed exchange-traded product last year. While this provides greater exposure to the asset, it has yet to drive sustained buying pressure. Sui, which competes with Ethereum and Solana, boasts a market cap of $8.6 billion and claims transaction speeds of up to 297,000 TPS. Read more: Pi Network price outlook: will Binance listing push PI to new highs?

Most Read News



Cryptohopper
Market Cap
24h Vol
60.37%
Bitcoin Share
130
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.