1. Current price performance: $SUI
- Current price: ~$3.93 - $3.95.
- Daily range: between $3.70 (low) and $3.96 (high).
- Market capitalization: ~$13.13 billion, ranking 11th among cryptocurrencies.
2. Technical analysis:
- Buy signals: Most technical indicators (such as moving averages and oscillators) indicate a "strong buy" signal in the short term, especially in the monthly timeframe.
- Support and resistance levels:
- Strong support: $3.70 (near the 99-day moving average).
- Near resistance: $3.96, with the possibility of testing $4.20 if the price maintains positive momentum.
3. Factors influencing recent volatility:
- Capital flows: The Sui network has recently experienced high capital inflows, occasionally outperforming Ethereum and Avalanche, but this did not prevent a 6% price drop in a single day due to selling pressure.
- Token Unlocks: 64.19 million SUI (2.32% of the supply) is scheduled to be released in November 2025, which may increase selling pressure.
- Reliance on specific sectors: A large portion of activity depends on the GameFi and SocialFi sectors (60% of users), which exposes the price to fluctuations related to these projects.
Summary:
The daily performance of Sui shows a slight improvement with technical signals indicating buying opportunities, but volatility remains high due to structural factors such as token unlocks and reliance on volatile sectors. Traders are advised to monitor support levels at $3.70 and resistance at $4.20, while being cautious of any news related to network policies or technical updates.
