Trump family–backed World Liberty Financial is injecting its WLFI token into the balance sheet of Nasdaq-listed ALT5 Sigma through a $1.5 billion share sale.
The move would see World Liberty Financial join other crypto treasury firms, and comes as Trump adopts pro-crypto policies.
The investment comes as Falcon Finance surpasses $1 billion in circulating supply following its public launch.
Holders of the World Liberty Financial token, WLFI, have voted overwhelmingly to make these tokens tradable, a decision that could significantly impact their market value and the financial interests of the Trump family. WLFI Transition From Voting Rights To Tradable Assets World Liberty Financial, a venture associated with Donald Trump’s family, launched the WLFI tokens last autumn as part of its decentralized finance (DeFi) platform, which also includes a stablecoin called USD1. Initially, these tokens were not designed for trading; instead, they granted holders voting rights on certain business developments, including changes to the platform’s underlying code. Related Reading: Altcoin Season Index Spikes Above 30, But Bitcoin Dominance Remains High, What Next? Early investors were primarily drawn to WLFI due to its association with Trump, banking on the expectation that the tokens would appreciate in value thanks to his backing. The recent vote to allow trading of the tokens marks a crucial shift, enabling market forces to set their prices. This transition is likely to attract a wider array of investors, potentially generating trading fees for exchanges that list WLFI and fueling speculation about the tokens’ future value. Although it remains unclear how this will directly benefit the Trump family, the increased trading activity may enhance the overall value of their holdings, which are substantial. Trump’s Potential Conflicts Of Interest Critics, including several Democratic lawmakers, have raised concerns regarding the ethical implications of the Trump family’s financial involvement in World Liberty Financial. Senator Elizabeth Warren and Representative Maxine Waters have voiced their worries to the US Securities and Exchange Commission (SEC), arguing that the family’s financial stake constitutes a significant conflict of interest that could influence regulatory oversight of the cryptocurrency industry. They pointed out that the WLFI tokens have not been classified as securities by the SEC, which means they are not subject to the same level of regulatory scrutiny as traditional investments like stocks. The White House has maintained that Trump’s assets are managed by a trust overseen by his children, asserting that there are no conflicts of interest. However, the specifics of this trust arrangement remain undisclosed. World Liberty Financial Promises More Details Trump’s company, DT Marks DEFI LLC, was allocated 22.5 billion of the total 100 billion WLFI tokens, with Trump himself holding approximately 15.75 billion tokens as of the end of last year. Reports suggest that the Trump family has generated around $500 million from World Liberty since its inception. Related Reading: BNB Price Stalls: Struggles to Resume Gains While Altcoins Rally In light of the recent vote, the White House declined to comment to Reuters on how the tradability of WLFI might affect the family’s financial interests. A spokesperson for World Liberty Financial indicated that further details about the trading process would be provided soon. The proposal to initiate tradability received overwhelming support, with 99.94% of approximately 20,900 votes in favor. Many token holders expressed their motivations for voting, with some citing expectations of price increases and others aligning their investment with support for Trump. Featured image from DALL-E, chart from TradingView.com
Aqua1 Foundation, a UAE-based investor in the World Liberty Financial (WLFI) DeFi project, has publicly denied affiliation with Chinese market-making firm Web3Port. The clarification comes in response to growing speculation surrounding the fund’s recent $100 million investment in World Liberty Financial, a blockchain project with ties to US President Donald Trump. Relationship with Web3Port? On […]
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In an interview with CoinDesk, Zanker said he's still in good graces with the President's family despite receiving a cease-and-desist from it just weeks ago, and also teased an upcoming $TRUMP mobile game.
World Liberty Financial, a decentralized finance (DeFi) platform backed by President Donald Trump and his family, is poised to launch its WLFI token, which could hold significant profits for early investors. WLFI Token Launch Approaches The company announced on July 4 that it has initiated steps to have its flagship token listed on cryptocurrency exchanges, marking a crucial milestone after months of anticipation. The WLFI token, which was introduced last year as a non-transferable governance token, is designed to facilitate community voting on the project’s future direction. Related Reading: Tether Secret Swiss Vault: The $8 Billion Gold Reserve Behind The Stablecoin Secondary market trading has already commenced on platforms like Whales.market and MEXC, where WLFI has recently traded between $0.13 to $0.18, a notable increase from its initial sale prices of $1.5 and $0.5. According to the project’s white paper, entities affiliated with the Trump family may collectively hold about one-third of WLFI’s total supply of 100 billion tokens. At current prices, these holdings could represent billions of dollars on paper. Bruno Ver, market expert and investor in the WLFI token, expressed optimism about its potential value, predicting it could reach between $2 and $5 in the near future. If the token were to climb to $2, the stake held by the founding entities could theoretically be worth around $60 billion, making it one of the most lucrative Trump-related crypto ventures to date. Recent estimates suggest that crypto businesses have already added approximately $620 million to Donald Trump’s personal net worth, according to the Bloomberg Billionaires Index. Experts Warn Of Risks Despite the enthusiasm surrounding WLFI, the White House has emphasized that President Trump is distanced from his business interests, having placed his assets in a family-controlled trust. The current proposal for token release, dated July 4, aims to unlock a portion of tokens held by “early supporters,” although the term lacks a specific definition within the documentation. Remaining tokens, including those held by founders and team members, would be subject to future votes and longer lock-up periods to signal a commitment to the project. The proposal is expected to undergo discussion and voting on the Snapshot platform, with a potential timeline extending into August. Related Reading: Analyst Predicts 2,000% Cardano Rally: ‘Fractal Is Too Clean To Ignore’ However, experts caution that the path to a successful launch might come with risks for early holders. Lex Sokolin, managing partner at Generative Ventures, pointed out that tokens with substantial founder and investor allocations often experience significant price declines over time. World Liberty Financial’s token launch and the Trump family’s increased interest in digital assets comes on the heels of notable regulatory changes in the US as the Securities and Exchange Commission (SEC) has adopted a more lenient stance toward crypto. This may signal a sense of confidence from WLFI regarding regulatory scrutiny. Hilary Allen, a law professor at American University, noted that this shift suggests WLFI no longer perceives a threat from the SEC. Featured image from DALL-E, chart from TradingView.com
A fund based in the United Arab Emirates (UAE) has announced a significant investment of $100 million in the Trump-backed decentralized finance (DeFi) platform World Liberty Financial, and its native token WLFI. The investment was confirmed in a joint statement by Aqua 1 and World Liberty Financial, highlighting the collaboration as a step towards developing a blockchain financial ecosystem and integrating stablecoins. World Liberty Financial Partners With Aqua 1 Zak Folkman, co-founder of World Liberty Financial, expressed enthusiasm about the partnership, stating, “We’re excited to work hand-in-hand with the team at Aqua 1.” This investment positions Aqua 1 among the largest stakeholders in the Trump family’s cryptocurrency project. It is further strengthened by the backing of crypto billionaire Justin Sun, who is the top investor in the company with a substantial $75 million stake. Related Reading: XRP Gears Up For Major Move — Chart Signals Are Clear This marks the second investment from a UAE-based firm in World Liberty Financial within a short span; earlier this year, Abu Dhabi’s MGX used World Liberty Financial’s USD1 stablecoin to facilitate a $2 billion investment in Binance. David Lee, a founding partner at Aqua 1, stated that Aqua 1 and the decentralized platform will collaborate to “identify and nurture promising blockchain projects.” World Liberty Financial also plans to support the Aqua Fund, an investment vehicle focused on enhancing the digital economy in the Middle East. In addition, Aqua 1 will aid World Liberty Financial in expanding its reach into South America, Europe, Asia, and emerging markets. Both companies are also set to develop “BlockRock,” a platform aimed at tokenizing real-world assets (RWAs) to bridge traditional investments like real estate with the Web3 ecosystem. New App Launch Planned In tandem with these initiatives, World Liberty Financial is preparing to release an audit report of its stablecoin, USD1, within days. Folkman, speaking at the Permissionless conference in Brooklyn, New York, also mentioned that the platform’s WLFI token may soon become tradable. Launched two months prior to the US presidential election, WLFI has already generated substantial revenue for Trump’s family business through the sale of governance tokens. These tokens grant holders the ability to vote on project changes and influence its strategic direction. Related Reading: Is The Bitcoin Top In? Bitcoin MVRV-Score Has The Answer While WLFI is currently not tradable, Folkman hinted at forthcoming updates that users should watch for in the coming weeks. He also revealed that the company’s stablecoin has received its first attestation report, which will be available on the company’s website. To further facilitate user engagement, Folkman announced the upcoming launch of a new app designed to simplify cryptocurrency use for everyday investors. As of press time, the official TRUMP memecoin trades at $8.96, recording a major 30% drop in the monthly time frame. Featured image from DALL-E, chart from TradingView.com
World Liberty Financial, the DeFi project part-owned by US President Donald Trump, has announced plans to enable transfers of its WLFI token. In a June 25 post on X, the team stated: “You asked to make WLFI transferable — we heard you. The team is working behind the scenes to make it happen.” The team […]
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After initially stating its WLFI token would remain non-tradable, the Trump-linked crypto project now says a transfer function is in the works — signaling a possible pivot to public trading.
The Trump-backed crypto project also plans to release the first audit of its USD1 stablecoin in the coming days.
In a financial disclosure filed June 13 with the US Office of Government Ethics, US President Donald Trump reported earning $57.4 million from World Liberty Financial—a crypto venture he launched alongside his sons, Donald Jr. and Eric. The form also reveals he holds 15.75 billion governance tokens in the project, giving him direct voting power over its direction. Related Reading: Crypto Bloodbath: Over $1 Billion Liquidated As Iran-Israel Tensions Erupt Trump’s Token Windfall According to the disclosure, Trump’s income line reads “$57,437,927.” It doesn’t say if he sold tokens, earned staking rewards, or used another method. But the number is huge. It hints that he either cashed out part of his stake or that an internal valuation put the tokens’ worth very high. Massive Fundraising Rounds Based on reports from March, World Liberty Financial raised $200 million in its first token sale. A second round pulled in $250 million. That brings total fundraising to roughly $550 million. The project kicked off in September 2024. It aims to offer DeFi services and dollar-pegged stablecoins as an alternative to banks. Big Investors Join In Tron founder Justin Sun invested $30 million in November 2024. He got 2 billion WLFI tokens at an early price of $0.015 each. Web3Port added $10 million in January 2025, and Oddiyana Ventures also came on board. They didn’t say how much that fund put in. These bids suggest major players believe the project can grow. Ethics Questions Loom Based on the ethics filing, Trump still has roles in related holding companies like CIC Digital LLC and CIC Ventures LLC. But income from those is small or zero. The form carries his certification that everything is “true, complete, and correct to the best of [his] knowledge.” It will be reviewed by the Office of Government Ethics. Related Reading: Billionaire Snaps Up $100 Million Of Trump Coin – Details The disclosure also notes his past digital ventures. He previously reported earnings from NFT projects such as Trump Digital Trading Cards. This time, no new NFT income shows up. Instead, all the focus is on World Liberty Financial. That venture now stands as the biggest piece of his crypto footprint. Critics will point to potential conflicts of interest. A sitting president profiting from tokens that grant voting power in a financial project raises eyebrows. Supporters might argue it’s just savvy investing. Either way, the numbers are out in the open now. And the public can see that Donald Trump made a hefty gain from a startup he helped launch—and that he still holds sway over its future. Featured image from Getty Images, chart from TradingView
US President Donald Trump’s circle moved closer to rolling out two big crypto products this week. One announcement sparked a public mix‐up over who’s doing what. The other took a formal step toward a Bitcoin exchange‐traded fund. Both moves show the family’s push for more crypto ties. Related Reading: XRP Could Transform Your Finances Long Before $10K, Angel Investor Says Trump Token Wallet Claim Fuels Confusion According to reports, @GetTrumpMemes on X said on Tuesday that a new crypto wallet branded with US President Trump’s picture is coming. The post said Magic Eden will power the wallet and that users could grab up to $1 million in TRUMP token rewards by joining a waitlist. Some readers rushed to sign up. But then Donald Trump Jr., who serves as Web3 Ambassador to World Liberty Financial (WLFI), posted that his family isn’t involved in that exact product. He called out the official TRUMP token account and said WLFI will launch its own branded wallet at a later date. With Billions of Trump fans around the world, the $TRUMP mission has always been to make it super easy for Trump supporters to get into crypto and join the $TRUMP community. The $TRUMP Wallet powered by @magiceden is coming soon. Join the $TRUMP community!… pic.twitter.com/7nIubWIdqw — TrumpMeme (@GetTrumpMemes) June 3, 2025 Eric Trump chimed in too, saying he and his brother have no link to the version teased by the TRUMP token team. That disagreement left fans scratching their heads. Who really owns this wallet? It’s clear that the brand name draws attention, but so does the split between the token’s official page and the Trump family’s own statements. Family Firm Files For Bitcoin ETF Based on filings, NYSE Arca took the first legal step on Tuesday to list a Truth Social Bitcoin spot ETF. The 19b-4 request went to the US Securities and Exchange Commission. Yorkville American Digital, a Florida asset manager, is the sponsor. If approved, this would become the 13th US Bitcoin spot ETF and join big names like BlackRock and Fidelity. The move follows an April partnership between Trump Media and Crypto.com to launch “Made In America” exchange‐traded products that include Bitcoin and Crypto.com’s Cronos token. Back then, people in crypto circles saw a sign that Trump Media aims to bundle patriotism with digital coins. Now the new filing shows they’re serious about offering a mainstream Bitcoin fund. Related Reading: $500M Bet On Solana: Education Platform Aims To Supercharge Its Treasury Brand Mix Leads To Mixed Messages People watching this space know that WLFI dipped into stablecoins before. And Trump Media said it plans a Bitcoin Treasury worth $2.5 billion at launch. So the family name is already tied to crypto money. Yet the wallet announcement on X and the family’s denials highlight how fast things can sound official—especially when magic Eden and a popular meme token are involved. One side says, “We’re doing it,” while the other side says, “Not us.” When branding blurs the lines between projects, users may wonder which link to trust. That split can hurt credibility, even if the goal is to ride high on an eye‐catching name. Featured image from Unsplash, chart from TradingView
World Liberty Financial, a DeFi venture part-owned by a trust of US President Donald Trump, has kicked off a new airdrop campaign targeting early backers. On June 4, the blockchain analytics platform Lookonchain confirmed that the project began distributing $47 worth of its USD1 stablecoin to wallets that participated in the WLFI token sale. The airdrop, approved […]
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The token had a market cap of just $40 million before the purchase.
The Trump family’s World Liberty Financial (WLFI) has approved a community proposal to airdrop its USD1 stablecoin to eligible token holders, according to a May 15 statement. The governance vote, which ran from May 6 to May 13, received near-unanimous support, with 99.96% of participants backing the initiative. In total, around 7 billion tokens were […]
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The supply of Trump's WLFI stablecoin USD1 grew over to $2.1 billion in a few days as an Abu Dhabi firm confirmed an investment into Binance.
During the first eight hours of the snapshot voting process, the proposal received 2.6 billion votes (99.97%) in favor.
Senate Democrat Blumenthal sent letters to crypto companies to investigate potential conflicts of interest related to President Trump's ties.
Two big holders of the TRUMP token sold 765,128 of them for $8.58 million on Saturday morning in a sharp move, netting a loss of $2.34 million. The hasty sale took place May 4, 2025, and caused the price to sharply drop. The price tag of TRUMP declined by over 10% in a matter of hours, sliding from $12 to $10.50 according to price records available on CoinGecko. Related Reading: Bitcoin At $100K? $3 Billion In Shorts Are On The Line The sell-off prompted a surge in trading volumes and raised alarm among traders who now risk more unexpected moves in the days ahead. Whales Exit With Losses Despite Past Gains The wallets who sold behind it had previously made profits on TRUMP, but this time they exited early incurring heavy losses. Wallet 3kjP9L sold 337,560 tokens for $3.80 million and ended up in a loss of $1.38 million. It is reported that this wallet had previously profited by $196,000 from the same token. 2 whales dumped 765,128 $TRUMP($8.58M) at a loss of $2.34M 5 hours ago! 3kjP9L made $196K on $TRUMP before, sold 337,560 $TRUMP($3.81M) 5 hours ago and lost $1.38M. 7X6Vun made $732K on $TRUMP before, sold 427,568 $TRUMP($4.77M) 5 hours ago and lost $961K! Not only did they… pic.twitter.com/J8Fq4N2ihB — Lookonchain (@lookonchain) May 4, 2025 A second wallet, 7X6Vun, offloaded 427,568 tokens simultaneously for $4.77 million, incurring a loss of $961k. That wallet previously pocketed a $732k gain during a different trading period. The two whales would have attempted to scale down exposure after observing feeble signals within the market but their timing proved to be expensive. TRUMP Price Struggles As Trading Volume Jumps When the whales sold their tokens, TRUMP trading volume skyrocketed by almost 80% to $15.3 million on platforms such as Binance and KuCoin. This type of volume surge typically indicates that there is panic or overreaction by both buyers and sellers. As of writing, TRUMP is priced at $11.18, down 27% in the last seven days. It’s anybody’s guess if it can recover or more investors will follow the whales and begin selling their assets. Token Earlier Spiked On Gala News The TRUMP token had been making waves after a recent special event announcement. United States President Donald Trump had, according to reports, offered gala invitations at his Washington Golf Club to the most prominent TRUMP token holders, generating buzz and pushing the price higher earlier during the week. Traders loaded up, eager to make a profit from the increasing buzz. But the latest sell-off raised questions over just how solid that momentum had been. If big investors are exiting on a hype high, that could mean the conviction isn’t as widespread as it appeared. Related Reading: Bitcoin To Infinity? Venture Capitalist Says Crypto’s Value Vs. Dollar Has No Ceiling Trump Crypto Holdings Reportedly Worth $2.9B A fresh report from the organization State Democracy Defenders Action asserts that Trump’s assets related to cryptocurrency now comprise almost 40% of his total wealth, which they project at approximately $2.9 billion. Included among these are the TRUMP and MELANIA meme coins and an interest in a business entity named World Liberty Financial, valued at 60%. World Liberty was launched in October 2024 and can be defined as a crypto exchange with ties to the Trump family. The firm recently announced it will obtain a $2 billion investment from Abu Dhabi-backed firm MGX to purchase a stablecoin product called USD1. That fund will be reportedly utilized to invest in Binance. Featured image from Gemini Imagen, chart from TradingView
World Liberty Financial (WLFI), the crypto project backed by the Donald Trump family, is accelerating its international expansion plans amid meetings with industry expert Changpeng Zhao, the founder and former CEO of Binance. On April 27, WLFI founders Zach Witkoff, Zak Folkman, and Chase Hero held a high-profile meeting with Zhao in Abu Dhabi. According […]
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World Liberty Financial (WLFI), a DeFi initiative linked to US President Donald Trump, has secured a $25 million investment from DWF Labs as it expands internationally. On April 16, the crypto market maker revealed that it acquired $25 million worth of WLFI’s governance tokens as part of its expansion into the US market. According to […]
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DWF Labs opened a New York office and invested in World Liberty Financial, backing its stablecoin USD1 and decentralized finance growth
World Liberty Financial (WLFI), the DeFi venture partly owned by US President Donald Trump, has launched a proposal to distribute its upcoming stablecoin, USD1, to existing WLFI token holders. The initiative is intended to test the airdrop infrastructure in a live environment and show appreciation to the project’s early backers. According to WLFI, the airdrop […]
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The proposed test aims to ensure technical stability of its airdrop system and reward early supporters, the project said.
Sui Network’s native token, SUI, has reclaimed a crucial level after its 10% price breakout. The token has shown bullish momentum over the past few days, climbing to weekly highs on Wednesday. Various market watchers suggested the momentum could send the cryptocurrency to new highs in Q2. Related Reading: Analyst Says Bitcoin (BTC) Could See A 14% Price Jump If This Level Is Reclaimed SUI Reclaims Key Breakout Level Today, SUI, one of the cycle’s leading tokens, retested the $2.60 resistance for the first time in nearly three weeks after reclaiming a key support zone on Tuesday. The cryptocurrency has lost several crucial levels during the Q1 2025 retraces, falling over 50% from its January all-time high (ATH) to a four-month low of $1.96. However, it has regained momentum amid institutional adoption, including its partnership with World Liberty Financial (WLFI), US President Donald Trump’s crypto venture, and Canary Capital’s recent filing of a Form S-1 for an SUI spot exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC). The cryptocurrency moved toward the $2.45 mark in the following days, suggesting that holding this level could send SUI to the next crucial barrier. After pulling back to $2.20, the token’s momentum resumed on Saturday, rising 13% in the past week after printing five consecutive green candles. Amid its performance, some analysts noted that SUI reclaimed the key $2.40 support, which served as a significant resistance during the post-US elections breakout and a bounce zone during the February retraces. Analyst Michäel van de Poppe suggested that the token is “one to keep an eye on,” highlighting that the “tremendous” retest of the high timeframe support “indicates that we’re likely going to expand to the upside from here.” Is It Ready For New Highs? In the past 24 hours, SUI surged 10% to the $2.60 resistance, hitting a 20-day high of $2.65 on Wednesday before retracing. As various market watchers pointed out, this price action has seen the token break out of a multi-month falling wedge pattern. A retest and confirmation of the breakout level could propel the token to attempt to reclaim its two-month downtrend. Analyst Sjuul from AltCryptoGems considers that the cryptocurrency should be “ready to go” to the $2.80 mark, based on its “bullish market structure and nice strength.” Previously, Ali Martinez suggested that after reclaiming the $2.45 level, SUI would be poised for a 15% move to this area. Related Reading: Ethereum To End March In Green? ETH ‘Only’ 6% Away From Positive Monthly Close Moreover, the token could also surge toward a new high if history repeats itself. Since 2023, SUI has broken out of a multi-month falling wedge twice, in October 2023 and August 2024, which propelled the cryptocurrency to new ATHs in the coming months. Meanwhile, trader Crypto Bullet noted that the cryptocurrency has recently reclaimed the 365-day Exponential Moving Average (EMA) after trading below it over the past few weeks. According to the trader, holding this level as support could impulse the token’s rally toward its January high of $5.37. As of this writing, SUI trades at $2.58, a 5.5% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
World Liberty Financial (WLFI), the decentralized finance project aligned with US President Donald Trump, has now unveiled details of its plan to release USD1, a US dollar-pegged stablecoin. According to a March 25 announcement, USD1 will launch first on Ethereum and Binance Smart Chain, with further blockchain integrations planned. The digital asset is designed to […]
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World Liberty Financial (WLFI), a DeFi project partly owned by US President Donald Trump’s family, has cautioned investors about fake versions of its yet-to-launch USD1 stablecoin. In a March 24 announcement on X (formerly Twitter), the project and Changpeng Zhao (CZ) clarified that USD1 is not yet available for trading. It urged the public to […]
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Mantle Network integrated EigenDA last week to enhance scalability and ensure better compatibility with Ethereum's impending Pectra upgrade.
SUI, the Sui Network’s native token, is retesting a key support level after surging near the $2.40 mark. As the cryptocurrency attempts to hold its current range, some analysts suggest that a breakout is imminent for the token’s price. Related Reading: Bitcoin Bull Run ‘Is Over’: CryptoQuant CEO Sounds The Alarm SUI Eyes Key Resistance On Monday, SUI saw its price surge 7% near a key resistance level, fueling bullish sentiment among investors. The cryptocurrency has been one of the leading tokens of the cycle, outperforming most of the market during the 2024 pullbacks. Nonetheless, the cryptocurrency has shredded over 57% of its gains in the past few months, falling from its $5.31 January all-time high (ATH) to the $2.20 range. After losing the $4 support zone, SUI has hovered between the $2.1-$3.5 zone, briefly falling below $2 last Tuesday. Since reaching its 4-month low, SUI has recovered 7.8% in the weekly timeframe, climbing to $2.37 today. According to analyst Ted Pillows, its recent price action has completed an inverse head and shoulder pattern, with the price potentially moving toward the $2.45 breakout level. A sustained surge above this level could send the token to retest the recently lost $2.6 support. To the analyst, “a big breakout is just a matter of time,” as institutions are taking interest in the token. Notably, Canary Capital filed a Form S-1 for an SUI spot exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC) on March 17, fueling yesterday’s 7% rally. This move follows Canary’s March 6 filing to register a trust for an SUI-based fund in Delaware. On the same day, Sui announced it had partnered with World Liberty Financial (WLFI), the US President Donald Trump’s crypto venture, to include the token in its “Macro Strategy” token reserve. $2.26 Retest: Breakout Or Breakdown? Crypto analyst Ali Martinez suggested that the token is ready for a 15% move. In an X post, he highlighted a one-week ascending triangle pattern forming in SUI’s chart, with the ascending support line currently at the $2.26 mark and $2.40 set as a crucial resistance level. According to the analyst, the 15% move’s direction will be determined by a close above the resistance line, which would send the price to the $2.80 price range, or a close below the support level, which could see the cryptocurrency plunge to $1.90. Since hitting its daily high of $2.37, SUI has retraced to the pattern’s support level, briefly falling to $2.22 before bouncing back above the ascending line. Despite the small recovery, the token has struggled to hold above the crucial level, hovering between $2.23-$2.26 throughout Tuesday morning. Related Reading: BNB Ready To Breakout? New ATH Coming ‘In No Time’ If This Resistance Breaks Meanwhile, market watcher Pushpendra Singh highlighted SUI’s current level as a “strong buying zone.” The $2-$2.3 price range served as a key breakout level during the November post-US election pump. Moreover, its recent retest and bounce from this level suggests a “breakout to the upside could be imminent.” According to the post, the cryptocurrency eyes the $7 target in the mid-term. As of this writing, SUI trades at $2.25, a 5% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com