Is SUI about to rise after nearly doubling from the bottom?

L1 public chain project SUI has risen from 0.8 to 1.39 in the past half month, an increase of 60%, showing strong recovery momentum. Currently encountering significant resistance at the $1.5 mark. If market trends turn positive, the asset has the potential to climb to $2.00. Further gains to $2.18 could equal the all-time high of six months ago (2.1%). Such a move would represent a nearly 96% rise from its current position.

Sui is the first permissionless Layer 1 blockchain designed from the ground up to allow creators and developers to build experiences that satisfy one billion Web3 users. Sui's architecture is known for its instant settlement and high throughput, rich on-chain assets and excellent Web3 experience. Its horizontally scalable throughput and storage can enable higher DApp development at lower costs.

SUI has been enjoying good news recently. Sui just announced that it is cooperating with MoviePass to provide users with the ability to use USDC to pay for the movie subscription platform. #美联储宣布降息50个基点 #美国大选如何影响加密产业？ #sui链 #layer1 $SUI