FxWirePro- SUIUSD (Chart of the day)

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 -

Grayscale Sui Trust is open to eligible accredited investors seeking exposure to SUI, a third-generation blockchain designed to help address scalability and transaction costs.

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 40% this month. The pair holds well above the short-term (34 and 55 EMA) and long-term moving average. It hit a high of $1.0485 and is currently trading around $1.0213.

The bullish invalidation can happen if the pair closes below $0.45.On the lower side, the near-term support is $0.74. Any break below targets $0.60/$0.45.

The immediate resistance stands at around $1.115. Any breach above confirms bullish continuation. A jump to $1.36/$1.60 is possible. A surge past $1.60 will take it to $2.

It is good to buy on dips around $0.90-92 with SL around $0.70 for TP of $1.60.

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