## SUI Price Encounters Resistance at $3 Threshold: Will Alliance with WLFI Shift the Current?
Notwithstanding a fresh collaboration with World Liberty Financial, endorsed by Trump, the cost of Sui persists in lingering under the $3 mark, facing difficulties in achieving positive impetus. The future trajectory for this digital currency remains uncertain.
Based on data from crypto.news price monitoring, Sui (SUI) is presently valued at $2.75 with feeble drive. The RSI figure registers at 42.39, suggesting the digital asset is not yet in oversold territory yet persists in a declining pattern.
Both the 50-day EMA at $3.35 and the 200-day EMA at $3.02 are emitting unfavorable signals. Should selling intensity escalate, levels of backing are anticipated near $2.70 and $2.50, whereas an obstacle is positioned at $3.57.
Concurrently, as per Coinglass, open interest has expanded by 10% over the preceding day, pointing to heightened involvement from traders. Although surpassing $3 might enhance impetus, a more sustained upswing is contingent on elevated desire and more robust decentralized finance operations.
Sui’s DeFi sphere exhibits varied indications, according to DefiLlama. The total Toncoin (TON) Value Forecast for March 26th locked decreased from $2.05 billion in January to $1.25 billion, demonstrating capital departures. Simultaneously, the stablecoin market capitalization increased from $378 million to $648 million, implying augmented liquidity.
Nevertheless, it seems that trading actions have diminished, as the monthly volume of decentralized exchange trading contracted from $12 billion in January to $7 billion in February.
On March 6th, Sui revealed a collaboration with the DeFi protocol World WLFI, supported by Trump, which has accumulated $300 million. This alliance encompasses investigating avenues for product creation and integrating SUI into WLFI’s token reserves for strategic purposes. Initially, SUI experienced an approximate 18% surge following the partnership’s disclosure, yet the impetus has subsequently diminished.
Based on the data from Arkham, WLFI possessed practically zero SUI tokens prior to the declaration, which raises questions regarding the direct consequence of this information. Nevertheless, dealers are guessing that WLFI could promptly start collecting SUI.
At the same time, organizational interest in Sui is expanding. VanEck, as an illustration, presented the primary exchange-traded item upheld by SUI last year. Despite the fact that this action has improved the resource’s perceivability, it hasn’t yet converted into stable purchasing force. Sui is situated as a rival to Ethereum and Solana, flaunting a significant market capitalization of $8.6 billion and guaranteeing noteworthy exchange paces of 297,000 TPS.
