Recently, the Sui blockchain implemented a significant upgrade to the mainnet, a move that is like throwing a stone into the cryptocurrency market, stirring up ripples.
This update is highly significant, introducing a series of key enhancements aimed at optimizing performance comprehensively, improving the long-standing congestion control issues, and more importantly, innovatively enabling the recovery of stolen funds, a new feature centered on security that greatly enhances network trust.
In terms of technical optimization, Sui's proof analysis logic has been significantly enhanced.
The transaction verification process used to take a long time, and delays even occurred during busy periods. Now, after the upgrade, the speed of transaction verification has significantly improved, as if a turbocharger has been installed in the operation of the entire blockchain network, resulting in a sharp increase in processing efficiency. These improvements are not a unilateral action by the officials, but were completed with active support and participation from the community, aimed at shaping Sui into a more robust blockchain platform with a better user experience.
As soon as the upgrade news was released, it triggered a strong reaction in the market. The SUI token had previously continued to decline from the high of around $4.95 in May, and the market was filled with a wait-and-see and cautious sentiment.
However, around the key support level of $3.20, SUI shows signs of consolidation, as if gathering strength and waiting for new opportunities.
From a technical analysis perspective, if SUI can successfully break through the key resistance level of $3.55, it would be highly significant.
This not only indicates that the price will strengthen again and open a new round of upward momentum but may also open the door to test $4.03 and $4.25 upward. If, after the protocol upgrade, SUI can re-attract market attention with new features and optimizations, stimulating the interest of investors and users, then the bullish target above $4.50 will not be out of reach and is expected to become the focus of the market again.
Of course, uncertainty always exists in the market. If SUI fails to hold the support level of $3.11 to $3.20, the situation will not be optimistic.
The price may be affected by this, returning to the March low of around $2.80, and the previously accumulated market confidence and gains will suffer a serious blow.
However, judging from the positive impacts brought by the recent upgrade and the initial market reaction, this upgrade of the Sui blockchain provides strong momentum for the SUI token to break through $3.55, and in future developments, it is worth continuous attention from investors and market participants.
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