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Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed to make digital asset ownership fast, private, secure, and accessible.
Recent news -
Sui network partnered with Circle to launch USDC stablecoin on its network. It has unlocked 64.19 million (2.47% of circulating supply) on Sep 3rd for community reserves and stake subsidies.
Transaction per second 297000
Time to finality - 400ms
SUIUSD recovered after a minor sell-off.
Any daily close above $2.20 confirms bullish continuation.
SUIUSD jumped nearly 15% this week. The pair holds well above the short-term (34 and 55 EMA) and long-term moving average. It hit a high of $1.2320 and is currently trading around $1.1636.
The bullish invalidation can happen if the pair closes below $0.45.On the lower side, the near-term support is $1. Any break below targets $0.74/$0.60/$0.45.
The immediate resistance stands at around $1.120.Any breach above confirms bullish continuation. A jump to $1.36/$1.4450/$1.60 is possible. A surge past $1.60 will take it to $2.
It is good to buy on dips around $1 with SL around $0.70 for TP of $1.60$.
