NOIDA (CoinChapter.com) — SUI’s price reached a new all-time high (ATH) after the announcement that it has partnered with the American University of Sharjah (AUS) to create the AUS-Sui Blockchain Academy.
SUI Price Reaches New ATH
SUI’s token price reacted positively to news of the layer-1 blockchain platform’s latest venture in the field of blockchain education. The token’s price rallied nearly 8.3% to reach $1.83 on Feb. 12, reaching a new ATH.
If the SUI price continues to rally, the token might rise to the resistance near $2.1. Breaking past the psychologically vital $2 price level could give SUI the impetus to rally to the resistance near $2.44, forming new ATHs along the way.
However, profit booking risks pulling the token’s price down to the 20-day EMA (red wave) support near $1.52. Breaching the immediate support could force the SUI price rally to correct 37% from current levels and test the support near $1.13.
The RSI for SUI remained neutral, albeit close to the overbought threshold, with a score of 68.62.
SUI Continues Expanding The Education Sector
The blockchain platform has partnered with the AUS to establish the ‘AUS-Sui Blockchain Academy.’
Per the announcement, the academy would operate under the Center of Entrepreneurship, Innovation, and Sustainable Development. Moreover, the new academy aligns with the AUS’s “responsible and impactful technological development goals.”
The establishment of the AUS-Sui Blockchain Academy will provide the next generation of builders and world leaders with the knowledge they will need to create web3 technology that can address global challenges.
Dr. Greg Siourouni, Managing Director of the Sui Foundation, said.
Furthermore, the blockchain education initiative would help advance the Emirate of Sharjah’s objective to establish itself as the central hub for education and research.
The Sharjah Research Technology and Innovation Park (SRTIP) is central to these efforts, having issued licenses for blockchain and related technologies to foster the development of a significant tech-related currency market ecosystem.
Meanwhile, the SUI community welcomed the news, highlighting the region’s growing acceptance of blockchain and crypto-related firms. Interestingly, the academy is not Sui’s first venture into the blockchain education sector.
The Sui Foundation helped establish a Web3-focused program at the Wheeler Institute for Business and Development at London Business School. Furthermore, the L1 blockchain platform also disbursed $400,000 in rewards to 15 universities globally as part of the Sui Academic Research Awards.
