财经少华
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Why the Latest Upgrade Could Drive SUI to Break Through $3.55
The Sui blockchain has undergone a significant upgrade to its mainnet, with this latest update introducing several key enhancements aimed at optimizing performance, improving congestion control, and enabling new features that can increase network trust, namely the stolen funds recovery feature.
This upgrade has also enhanced Sui's proof parsing logic, thereby accelerating transaction verification speeds. These community-supported improvements aim to position Sui as a more robust and user-friendly blockchain, with security-centric features being a major highlight.
Following the upgrade announcement, the SUI token showed signs of consolidation near the critical support level of around $3.20 after retreating from a high of approximately $4.95 in May.
If it breaks through $3.55, it would indicate a potential price recovery and could open the door to testing $4.03 and $4.25. If SUI can regain attention after the protocol upgrade, the bullish target above $4.50 may re-emerge.
However, failing to hold the support level between $3.11 and $3.20 could lead to a price return to the March low of around $2.80.
#SUI
The Sui blockchain has undergone a significant upgrade to its mainnet, with this latest update introducing several key enhancements aimed at optimizing performance, improving congestion control, and enabling new features that can increase network trust, namely the stolen funds recovery feature.
This upgrade has also enhanced Sui's proof parsing logic, thereby accelerating transaction verification speeds. These community-supported improvements aim to position Sui as a more robust and user-friendly blockchain, with security-centric features being a major highlight.
Following the upgrade announcement, the SUI token showed signs of consolidation near the critical support level of around $3.20 after retreating from a high of approximately $4.95 in May.
If it breaks through $3.55, it would indicate a potential price recovery and could open the door to testing $4.03 and $4.25. If SUI can regain attention after the protocol upgrade, the bullish target above $4.50 may re-emerge.
However, failing to hold the support level between $3.11 and $3.20 could lead to a price return to the March low of around $2.80.
#SUI
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
SUI
3.3835
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