New Blockchain Payment Alliance Established to Streamline Cryptocurrency Transactions

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Dec 16 2025

SUI-4.83%

XLM-2.522%

Should l Buy SUI?

Formation of the Blockchain Payment Consortium: Mysten Labs has announced the creation of a Blockchain Payment Consortium, uniting major players like Solana, Polygon, and Stellar to establish universal standards for on-chain payments and stablecoins.
Goals of the Consortium: The consortium aims to define on-chain transactions, develop privacy-centric standards, and enable seamless interoperability between different blockchain networks to reduce confusion and friction in crypto payments.
Challenges Ahead: The initiative faces significant hurdles, including aligning diverse blockchain architectures and balancing privacy with regulatory compliance, but successful standards could lead to more efficient and trustworthy payment systems.
Future Implications for Crypto Payments: The consortium's efforts could result in cheaper and faster global transfers, increased merchant adoption of crypto payments, and a surge in innovation, marking a pivotal step towards a more mature and unified crypto payment landscape.

Get Real-Time Alerts for Any Crypto Movement

Monitor assets like SUI with instant alerts on price breakouts and whale movements. Don't let a 24/7 market leave you behind.

Technical Analysis for SUI

Technical Sentiment Analysis for Sui (SUI) As of , Sui (SUI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SUI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, SUI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Sui (SUI) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.304	0.546	0.794	1.036	1.285	1.527	1.775
Fibonacci	0.546	0.733	0.849	1.036	1.224	1.34	1.527

About SUI

Sui is a groundbreaking layer-1 blockchain platform designed to support the needs of global adoption by offering a secure, powerful, and scalable development platform. At its core, Sui leverages a novel object-centric data model and the secure Move programming language to address inefficiencies prevalent in existing blockchain architectures.On top of strong technical foundations, Sui prioritizes user experience by eliminating barriers commonly associated with blockchain interactions. Through innovations like zkLogin, sponsored transactions, and programmable transaction blocks, Sui creates a higher standard for user experience within Web3 by ensuring applications are accessible and user-friendly.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

GET FREE REAL TIME NOTIFICATIONS

Stock Monitor for SUI?

Get Started Free

FREE STOCK RECOMMENDATIONS DAILY

Stock Bullish Tomorrow

Get Started Free

70% BACKTESTED ACCURACY!

Should I Buy SUI?

Get Started Free