SUI Coin Rises After Announces Collaboration with WLFI

Bittime -  In the world of crypto assets, news of strategic collaborations is often the main trigger for price movements. One of the latest is the increase in the price of SUI Coin after announcing a collaboration with World Liberty Financial (WLFI). In this article, we will discuss the impact of this announcement on SUI price, technical analysis, and long-term implications.

SUI Coin and Cooperation with WLFI

SUI Coin is a blockchain network launched in 2023 to compete with established smart contract platforms such as Ethereum (ETH) and Solana (SOL). With a claimed transaction speed of 297,000 transactions per second, SUI offers higher efficiency than its competitors.

The announcement of collaboration with WLFI was the main catalyst in the surge in SUI prices. Trading volume increased by 46%, reflecting a surge in trading activity and investor interest in the project. Eric Trump, who is a Web3 Ambassador for WLFI, expressed his excitement at exploring innovative opportunities through this collaboration.

SUI Price Movement Analysis

Short Term Trends

On the daily chart, SUI showed significant selling pressure after reaching its upper trend line. Despite a price increase of 3.86%, the market still shows strong resistance at the $3.2 level. The MACD indicator shows high volatility, while the RSI has provided rapid buy and sell signals in the last few days.

Long Term Trends

Since the beginning of 2025, SUI has experienced a continuous downward trend. Market sentiment is still dominated by macroeconomic uncertainty, including the Federal Reserve's monetary policy and global trade relations which are affected by Donald Trump's policies towards major trading partners such as China, Mexico and Canada. If SUI fails to break the $3.2 resistance level, the price could potentially return to $2.45 as it did previously.

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Opportunities and Risks for Investors

Bullish opportunity

1. Positive Momentum: If the market is able to maintain the uptrend, SUI has the potential to retest key resistance levels and push prices higher.
2. Fundamental Support: Collaboration with WLFI can increase the credibility and adoption of the SUI network.
3. Technical Indicators Support: RSI shows the potential for a pullback which provides entry opportunities for new investors.

Bearish risk

1. Selling Pressure: If profit-taking continues, the price may return to the support zone at $2.45.
2. Negative Market Sentiment: With the Fear and Greed Index still showing a high level of fear (30), investors tend to be careful.
3. Macroeconomic Uncertainty: External factors such as interest rate policies and global trade relations can influence the overall price of crypto assets.

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Conclusion

The increase in SUI Coin prices after the announcement of the collaboration with WLFI shows a positive response from the market. However, technical challenges and macroeconomic conditions are still factors that investors need to pay attention to. For short-term traders, this upward momentum can be a profit opportunity, while long-term investors need to consider fundamental factors before making a decision.

As a crypto asset that continues to grow, SUI Coin remains interesting to watch, especially if it is able to break through key resistance levels and reverse the downtrend that has occurred since the beginning of the year. With the right strategy, investors can take advantage of this volatility to gain maximum profits.

FAQ

1. What is SUI Coin?

SUI Coin is a blockchain network designed to compete with Ethereum and Solana, with higher transaction speeds and lower fees.

2. Why did SUI prices increase after the announcement of the collaboration with WLFI?

The collaboration announcement increased investor interest and trading volume, which contributed to the rise in SUI Coin price.

3. Does SUI Coin still have further upside potential?

There is still upside potential if SUI is able to penetrate the main resistance level and market sentiment becomes more positive.

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Reference

FX Empire, SUI Surges 18% After Announcing Partnership with WLFI – Is Sui the Next Solana?, accessed March 7, 2025.

Author: MF