SUI Price Soars 12% as Sui Blockchain Partners with Trump-Linked World Liberty Financial

During Thursday's U.S. trading session, the SUI price recorded a significant jump of 12% to reach the $2.94 trading value.

The Layer 1 blockchain SUI is collaborating with Donald J. Trump-linked World Liberty Financial (WIFI) to expand the adoption of blockchain technology in mainstream financial ecosystems, especially for new generation investors.

As part of the integration, WIFI will be including SUI assets into its “Macro Strategy,” token reserve, and products to support high-potential blockchain projects that align with World Liberty Financial’s vision.

This partnership is expected to fuel product development opportunities that align with both entities’ goal of revolutionizing financial accessibility and literacy.

“We are thrilled the World Liberty Financial team has agreed to explore collaborations with Sui. We believe that the combination of Sui’s technology and WLFI’s ambitions could help redefine how the world stores and uses assets,” said Evan Cheng, Co-Founder and CEO of Mysten Labs, the original contributor to Sui.

“We share a vision of a future where the people take back control of their finances, creations, and online agency, and our work together will make that vision a reality faster.”

Multiple Support Guide SUI Price Rally For $3.5 Breakout

In a two-day rally, the SUI price is up 22.85% from the $2.4 support to the $2.98 current trading price.

The daily chart analysis shows this reversal initiated at a confluence point of the long-coming ascending trendline and support boundary of the falling wedge pattern. This high area of interest creates a suitable accumulation zone for buyers to recuperate the bullish momentum.

If the aforementioned wedge pattern holds, the SUI price should rise 22% to challenge the downsloping trendline at $3.64. A potential breakout from this resistance will signal the end of the wedge pattern correction and renew the prevailing uptrend.

However, this recovery momentum won’t be smooth, as the dynamic resistances of daily EMAs (20, 50, 100, and 200) will input overhead selling pressure. Also Read: Coinbase Advanced Trading Feature Coming Soon: Report

The post Trump-Linked World Liberty Financial (WIFI) To Integrate Sui (SUI) Assets In A Partnership Deal Focused On Gen Z Financials appeared first on TokenPost | Latest Web3, NFT, Metaverse, Crypto News.