Crypto
Sui Price Tests Key Resistance Zone Amid Recovery Efforts
Sui (SUI) is attempting to recover from months of selling pressure.
Analyst Giannis Andreou says reclaiming the $1.00-$1.10 zone is crucial for buyers.
A weekly close above $1.10 could open up new price levels, but a failure to break through this resistance could lead to a slide back towards the token's base support.
The Sui network continues to expand its payment tools, with gasless stablecoin transfers already live and confidential transfers on the way.
On-chain data shows that the total value locked in the network stood at around $1.04 billion on September 21, with daily trading volume reaching $185 million on decentralized exchanges.