# FxWirePro- SUIUSD (Chart of the day) By Sheena Jordan Canonical URL: https://www.tokenpost.com/news/investing/12998 Published: 2024-09-12T21:03:08.000Z Updated: 2024-09-12T21:03:08.000Z Section: Investing > Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed to make digital asset ownership fast, private, secure, and accessible. Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed to make digital asset ownership fast, private, secure, and accessible. Recent news - Grayscale Sui Trust is open to eligible accredited investors seeking exposure to SUI, a third-generation blockchain designed to help address scalability and transaction costs. Transaction per second 297000 Time to finality - 400ms SUIUSD recovered after a minor sell-off. Any daily close above $2.20 confirms bullish continuation. SUIUSD jumped nearly 40% this month. The pair holds well above the short-term (34 and 55 EMA) and long-term moving average. It hit a high of $1.0485 and is currently trading around $1.0213. The bullish invalidation can happen if the pair closes below $0.45.On the lower side, the near-term support is $0.74. Any break below targets $0.60/$0.45. The immediate resistance stands at around $1.115. Any breach above confirms bullish continuation. A jump to $1.36/$1.60 is possible. A surge past $1.60 will take it to $2. It is good to buy on dips around $0.90-92 with SL around $0.70 for TP of $1.60. [TokenPost]() | info@tokenpost.com ## Links in this article - [TokenPost](https://www.tokenpost.com)