Sui to Make Native USDC Available Through NAVI Protocol
Integration of Native USDC on Sui Network: The Sui Foundation has announced the integration of Circle's native USDC on the Sui network through the NAVI protocol, enhancing liquidity and user experience with $120M in USDC liquidity, making it the third largest supply in the industry.
Advantages of Native USDC: The introduction of native USDC simplifies transactions, improves liquidity, and offers a 1:1 redemption guarantee for users, while also promoting a migration plan to encourage the transition from bridged USDC to native USDC within the Sui DeFi ecosystem.
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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 | 0.303 | 0.546 | 0.794 | 1.036 | 1.284 | 1.527 | 1.775 |
| Fibonacci | 0.546 | 0.733 | 0.849 | 1.036 | 1.224 | 1.339 | 1.527 |
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