Sui, the native token of Sui Blockchain, is down nearly 6% over the last 24 hours and retiring to $ 4.04 after maping to $ 4.44 overnight. The move came on the back of a 32.37 million token volume tip, well over daily norms before they sold intensified and drew prices lower, Coindesk Analytics shows.
The Bulls initially kept the line of $ 4.32, but carries the seizure speed as Sui slipped through the most important technical levels. The token closed the session of $ 4.11, a fall of 5.25%. Coindesk Analytics shows that resistance is now formed between $ 4.20 and $ 4.24, while a double bottom appears to develop into $ 4.08 to $ 4.09.
Wider weakness in crypto markets may have added the pressure. Coindesk 20 index has fallen 1.4% during the last day. An increase of almost 1% in the US dollar index in Dag-Ofte a headwind for risk assets such as cryptocurrencies fallen along with the fall throughout the market, including SUIS slide.
SUI has still risen by 46% in the last month and surpasses CD20’s gain of 33%. This growth track, which is increasing interest in the SUI ecosystem, which saw the total value locked surpassed $ 2 billion earlier this month, according to Defillama.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy.
