SUI's breakout above its 200-day EMA puts $1.42 in focus despite continued weakness in the network's on-chain fundamentals.
SUI was quoted at 1.1472 USDT at 8:04 a.m. ET on Sept.
Sui (SUI) was up 17.23% over 24 hours as short positions worth $820,000 were liquidated during the same hour.
Sui (SUI) gained 13.44% over 24 hours and ranked 30th by market capitalization at about $4.24886 billion.
SUI later traded near $0.99, while $1 emerged as the key level buyers must reclaim and hold.
SUI rebounded from $0.94 as Phantom ended support for the network, placing the token within reach of the closely watched $1 level.
SUI gained 5.14% over 24 hours as short liquidations reached $190,000 in the same hour.
Predict now offers continuous on-chain pricing in the DeepBook App on Sui mainnet, enabled by Sui's fast settlement capability.
DeepBook's rapid prediction markets could revolutionize trading strategies, fostering high-frequency trading and reshaping DeFi market dynamics. SUI enables one-minute prediction markets with DeepBook App launch.
Sui testnet v1.80.1 introduces protocol 137 with updates to execution, GraphQL, gRPC, archival services and validator infrastructure.
Version 1.80.1 expands validator controls, archival gRPC access and GraphQL capabilities while introducing execution changes for developers.
Sui (SUI) fell from $1.01 to $0.9627 by 10:34 a.m. ET on Sept.