The Layer-1 (L1) coin SUI has been the top-performing cryptocurrency, surging 4% in the past 24 hours. This surge follows news of a partnership between the developer team behind SUI and World Liberty Financial (WLFI), a decentralized finance (DeFi) protocol affiliated with US President Donald Trump. The partnership aims to explore product development opportunities and integrate SUI-based assets into WLFI's reserve. SUI's price spike was also supported by news of a trust entity filing for the proposed Canary SUI ETF. The buying pressure indicated by SUI's Balance of Power (BoP) and rising Chaikin Money Flow (CMF) suggest a potentially sustained rally in the short term. If SUI breaks above the resistance at $3, it could reach its all-time high of $5.35, but failure to do so could lead to a downturn and a drop to $2.10.
Content Editor ( beincrypto.com )
- 2025-03-07
SUI Defies Market Slump with Surge Driven by Trump-Linked DeFi Deal
