SUI price struggles below $3 — Can WLFI deal spark reversal?

Suis Price continues to be negotiated below the $ 3 mark, fighting to grow despite a recent partnership with Trump’s World Liberty Financial. What is the next step?

Currently negotiating at $ 2.75 according to Crypto.News Price trackerSui (Sui) knows a weak momentum. At 42.39, the relative resistance index indicates that the assets are not occurring but is still in lower territory.

The 50 -day EMA at $ 3.35 and the 200 -day EMA at $ 3.02, both indicate a downward trend. If the sales pressure increases, the support is located around $ 2.70 and $ 2.50, while the resistance is $ 3.57.

In the meantime, the increase in traffic activity is shown by an increase of 10% of the interest opened in the last 24 hours, depending on Coiinglass data. Although the momentum can be improved by an overtaking of $ 3, a longer term recovery depends on increased demand and a stronger decentralized financial activity.

The DEFI ecosystem has shown mixed signals, according to data de Defillama. The total locked value increased from $ 2.05 billion in January to $ 1.25 billion, reflecting capital outings. Meanwhile, Stablecoins’ market capitalization increased from $ 378 million to $ 648 million, a sign of more liquidity.

There seems to be a drop in commercial activity, however, because the decentralized monthly exchange volume increased from $ 12 billion in January to $ 7 billion in February.

Sui announced a partnership With World WLFI, a DEFI protocol supported by Trump which raised $ 300 million on March 6. Suis first jumped around 18% on the news of the partnership, but the momentum has since cooled.

Arkham Intelligence data The WLFI shows did not have significant suits before the announcement, throwing doubt on the immediate impact, but leaving the merchants speculating that WLFI will soon begin to acquire SU.

The institutional interest in suis has also developed, Vaneck launched the first product on the back of Suis last year. Although it offers greater exposure to assets, he has not yet led purchase pressure. Su, which competes with Ethereum and Solana, has a market capitalization of $ 8.6 billion and claims transaction speeds up to 297,000 TP.