On 8 May 2025 Sui Made a big announcement. Now Sui Community has been integrated with Axalar Community. The objective of this partnership is to make cross-chain interpreting easier and give developers and institutions to give better scalability and secure multichen option.
What is the advantage of this partnership?
After this integration of SUI and Axalar, the developers can now deploy smart contracts to multiple blockchain networks. For this, Axalar’s Interchain token Provider will be used, which will give multichen access to users through tools like Squid Router, Backpack Pockets and Slushwallet.
This means that now people making the Web3 application can reach users more easily and give them better experiences on different blockchain networks.
Sui’s Zklogin Technology also became the center of attraction
Sui’s special technology zklogin will play an important role in this integration. This feature allows users to login to the web3 with a normal ID like Gmail, FB, which makes it very easy for common users to use crypto apps.
Also, this integration also takes care of the Institutional-Grade Security and Compliances-which also makes it attractive to large institutions in the web3.
Mastercard, Circle and Stacks have already been associated with sui
SUI recently partnered with big names like MasterCard, USDC (Circle) and Stacks. Now with Axalar it makes the new integration, the network even stronger.
Sui Token price rises by 20%
After the announcement of this integration with Axalar, Sui Token Value saw a jump of more than 20%. Sui Value has reached high of $ 4.07, but after a slight decline from there it is now trading at around $ 3.86, which still shows a 6% gain in the last 24 hours.
The trading volume has also gained strongly, it has increased by 119% to $ 3.3 billion. According to coinglass data, the long/short ratio is 1.0008, which shows the balance between traders. Open interest has also gained 10%.
Technical Analysis: What next?
Sui value The support of $ 3.70 remains above the level. MACD is still in positive zone and is trading over all the major moving averages of 10 to 200 days. However, RSI is at 69, which shows that short-term may be slightly slow down. After touching the upper level of the Bollinger band, the price has come down slightly. It can be considered a common consolidation.
What can happen in the coming time?
If Sui token remains above $ 3.70 and new purchases come, the price can again go up to $ 4.40. On the other hand, if this support breaks, it can fall back to a level of $ 3.30, which is a zone of many moving average.
Conclusion
This partnership by SUI and Axalar is big news for Web3 Global. It not only brings best opportunities for developers, but also for common users and institutional investors. The recent bounce in Sui Token Value suggests that the market is considering this integration as positive. If the technical indicators and strong fundamentals are seen, the SUI is currently in a healthy consolidation phase that further chances another breakout.
