The Ecosystem SUP (SUI) has experienced significant opposite winds in recent days following the hacking of the Cetus protocol (Cetus). While the Validators suis prevented the majority of stolen funds from being exchanged in different channels, the network has been criticized for its centralized governance.
In order to ensure transparency and maintain user confidence, the SUA network has prepared a chain vote involving users and validators. Over the next seven days, the community will vote on the opportunity to upgrade the network to recover the $ 162 million stolen by the pirate, but was frozen in mind.
Meanwhile, Cetus’ protocol announced that the Foundation SU had offered a loan to cover the remaining $ 60 million, ensuring that all affected users are made again entire.
Suis Price signals a short -term rebound
After the announcement, Suis Price earned more than 5% in the last 24 hours to exchange around $ 3.68 Tuesday, at the end of the North American negotiation session. The announcement also had a positive impact on the protocol of Cetus, by which Cetus Price joined more than 17% in the last 24 hours to exchange at around $ 0.1527 at the time of writing this article.
From the point of view of technical analysis, Suis Price has prepared for a bullish continuation in the last three weeks. In addition, the large capitalization Altcoin, with an entirely diluted assessment of around 36.8 billion dollars and an average negotiation volume of around $ 1.3 billion, has established a trend in macro-increase since the end of 2023.
Within the daily time, Suis Price has consolidated in a downward symmetrical channel, potentially a bullish continuation model. After today’s bound rebound, from the lower border of the falling symmetrical canal, Suis Price is well placed to join a new record of all time in the short term.
