SU, the native token of Blockchain SU, increased 5% on Wednesday after the project announced that it would present its first native stablescoins, Usdi et suiusde.
The announcement comes at a time when investors show a renewed interest in Suit, which now surpasses the wider market of cryptography. The Coindesk 20 index – A gauge from the best digital assets – is up 2.5% over the same period of 24 hours.
Suis went from $ 3.42 to $ 3.58 during the session, with technical signals showing a clear bullish momentum. The token has crossed a key resistance at $ 3.56 and has established a new support at $ 3.55, supported by an increase in commercial volume.
The conduct of the rally is a sign of increasing institutional adoption. Coinbase derivatives plans to list the following term contracts on October 20, opening the door to more professional merchants to take a stand in the token.
Detail demand also increases. In South Korea, you order – a payment platform focused on the catering industry – has recently integrated Su sur to allow transactions using a Korean stablecoin. This decision seems to have triggered an increase in volume, with an activity standing the daily averages during the first hours of Asian negotiation.
From a technical point of view, followed in a range of $ 0.19 between $ 3.39 and $ 3.58. A peak in volume early in the morning of 10.87 million tokens exceeded the daily average of 10.44 million, suggesting a strong accumulation. The graph shows a series of upper stockings – a classic signal of an upward trend.
If the purchase of the pressure continues, SU can soon test the psychological bar of $ 3.60. For the moment, it is one of the most efficient tokens on the market, drawing the strength from the development of products and deepening institutional links.
