Sui Launches Gasless Stablecoin Transfers with Fireblocks Support
- Gasless Transfer Innovation: Sui's newly launched gasless stablecoin transfer feature allows users to send stablecoins directly without holding SUI tokens, thereby lowering the onboarding barrier for crypto payments and enhancing user experience.
- User Experience Enhancement: By eliminating the need for users to purchase SUI tokens before making transfers, Sui makes the stablecoin transfer process more aligned with traditional fintech user expectations, reducing transaction complexity and friction.
- Importance of Institutional Support: The involvement of Fireblocks, a digital asset infrastructure provider, indicates that the feature is designed not only for retail users but also for enterprise and institutional needs, lowering integration burdens and adding credibility to the functionality.
- Increased Market Competition: Amid growing attention on stablecoin infrastructure, Sui's gasless transfer feature could enhance its positioning as a payments-oriented chain, especially as enterprises explore on-chain treasury and settlement workflows.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE). As of , (STABLE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for STABLE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, STABLE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.023 | 0.0268 | 0.0305 | 0.0343 | 0.038 | 0.0418 | 0.0455 |
| Fibonacci | 0.0268 | 0.0297 | 0.0315 | 0.0343 | 0.0372 | 0.0389 | 0.0418 |
About the author
