Technical analysis by evasivesteering about Symbol SUI: Buy recommendation (5/31/2025)

Sui is a Layer 1 blockchain developed by Mysten Labs, founded by former Meta engineers who previously worked on the Diem blockchain and the Move programming language. Launched in May 2023, Sui aims to provide high-speed, low-cost transactions with a focus on scalability and user-friendly features, making it suitable for applications like decentralized finance (DeFi), gaming, and non-fungible tokens (NFTs).Current prices are at Fib 0.5, a strong support. As a result, a Long setup (with a good RR ratio) is as in chart.Disclaimer:This analysis is based on my personnal views and is not a financial advice. Risk is under your control.