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#Altcoin Season Update#
Sui is a layer 1 blockchain (L1), based on the DPoS consensus mechanism (DeleGated Proof-of-Stake) and developed on the innovative Move language, created to ensure security, flexibility, and speed. ⚙️🚀
💠 Its native token $SUI serves as:
💸 A means of paying transaction fees
🛡 Staking for validators
🗳 A tool for participating in network governance
📈 #SUI/USDT ANALYSIS
SUI has broken out of a symmetrical triangle and is now 🔄 testing the breakout level from above, which is a key point for further movement.
☁️ The Ichimoku Cloud confirms bullish momentum — the market is on the buyers' side! 🐂
📌 If the retest is successful, it will confirm the breakout and open the way for a new rally 🚀
❗️ But in the event of a failure, the price may return inside the figure and go into consolidation or correction.
👁 We are monitoring the retest and volumes — a decision is near!
Sui opens up new opportunities for Web3 developers and users thanks to high throughput, instant confirmations, and a well-thought-out architecture.