Sui Crypto News- SUI Price Struggles to Maintain Momentum After Big Announcement

Sui Crypto News- SUI Price Dips Despite Major Trump Family Partnership

Sui Crypto News– SUI, the native token of the Sui Network blockchain, experienced a brief price surge to $2.83 on March 7, 2025, but struggled to maintain its momentum after the announcement of its collaboration with World Liberty Financial (WLFI), a decentralized finance (DeFi) project backed by the Trump family. While the initial surge ignited excitement, SUI’s price soon settled back, signaling potential consolidation for the token. This article will examine why SUI’s price could not hold its recent gains, what factors are limiting its potential for further growth, and what signs traders should look for going forward.

On March 6, 2025, the Sui Foundation made a public announcement regarding its collaboration with World Liberty Financial (WLFI). The two projects revealed plans to create a strategic reserve known as “Macro Strategy.” This reserve would support decentralized finance (DeFi) assets and partner with other leading projects within the space. Zak Folkman, co-founder of World Liberty Financial (WLFI), praised SUI’s innovation and scalability, stating that the partnership would help bring DeFi to more Americans.

The announcement initially sparked excitement, driving SUI’s price to $2.83. However, the increase was short-lived, as price action began to retreat just hours later, and the token has since been consolidating. The surge was a response to the announcement but lacked substantial buying pressure to push SUI into a more sustained rally.

Weak Bullish Indicators and Bearish Pressure

Although the announcement initially suggested bullish potential, there are several factors that indicate why SUI’s price may struggle to sustain upward momentum. Technical analysis shows a bearish scenario where the selling pressure outweighs buying volume. One key indicator that reveals this is the Bull Bear Power (BBP), which is currently negative, signaling that sellers still dominate the market.

Additionally, SUI is testing the upper trendline of a falling wedge pattern on the daily chart. A falling wedge is often seen as a bullish pattern in the making, but the current lack of strong buying pressure means that a breakout might not happen soon. If the selling pressure persists, the price may have difficulty breaking through the key resistance level around $3.19.

Consolidation Period Ahead for SUI

SUI’s price action has entered a consolidation phase. On the daily chart, the Relative Strength Index (RSI) remains below the 50.00 neutral zone, which suggests a lack of momentum for a bullish trend. The Moving Average Convergence Divergence (MACD) indicator is also close to zero, showing indecision in the market and a lack of clear direction.

If the RSI remains below the neutral zone, SUI is unlikely to rally above $3 in the short term. In this scenario, the price may continue fluctuating within a range of $2.50 and $3.06. However, if selling pressure intensifies, there is a possibility of a breakdown, leading to a further decline in price. The next support level is around $1.61, which could act as a floor for the token.

Despite the current consolidation, there is still potential for a breakout if more developments regarding the WLFI partnership are announced. According to Adeniyi Abiodun, the co-founder of World Liberty Financial (WLFI), the announcement is just one part of a much larger plan. He teased future developments and stated, “There’s so much more in the works. World Liberty Financial (WLFI) is strategically betting big on Sui Network as an infrastructure and product partner. The momentum is building, and there’s so much more in the pipeline.”

If more details about the collaboration surface and the partnership gains traction, it could spark an increase in demand for SUI. This could potentially drive the price above the falling wedge resistance and propel it toward higher levels, such as $4.59, which is the next key resistance target.

What’s Next for SUI?

At this stage, SUI’s price action remains uncertain, with both bullish and bearish factors in play. If the partnership with World Liberty Financial (WLFI) gains momentum and more positive news emerges, it could trigger a strong rally. However, if the current lack of momentum persists, SUI may continue its consolidation phase or even experience a decline.

For traders, the key levels to watch are $2.50 as support and $3.19 as resistance. A breakout above $3.19 could signal a potential rally, while a breakdown below $2.50 could lead to further downside risk. As with any cryptocurrency, the volatile nature of the market means that rapid changes can occur, so staying informed about news and technical indicators is essential.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.