$SUI Price Under Pressure Despite Market Rebound — Can Bulls Regain Control?
SUI is currently trading around $3.82, showing signs of struggle after a recent exploit on its native DEX, Cetus. While the broader crypto market opens strong — with total capitalization climbing to $3.51 trillion and the Fear & Greed Index holding firm at 73 (Greed) — SUI's momentum appears fragile.
Over the past 24 hours, SUI's trading volume has surged by an impressive 155%, hitting $3.11 billion. However, this spike coincides with significant liquidations amounting to $12.42 million, hinting at volatility and investor caution. The altcoin recorded an intraday high of $4.19 and a low of $3.77, currently settling near $3.82.
The price decline seems to be tied to a reported $11 million exploit on Cetus, a decentralized exchange built on the SUI blockchain. The attacker drained funds from the SUI/USDC pool, later swapping the stolen tokens into 21,938 ETH using 58.3 million USDC — at an average price of $2,658 — before bridging to Ethereum. Over 60 million USDC has now been cross-chained.
Despite this negative catalyst, technical indicators suggest a cautiously bullish outlook. The MACD shows a bullish crossover, while the Chaikin Money Flow (CMF) at 0.08 points to moderate capital inflow. The Bull Bear Power (BBP) at 0.0864 also reflects a mild bullish bias.
SUI is now testing short-term resistance at $4.07. A confirmed breakout above $4.10 could open the door to $4.25. Conversely, failure to maintain upward momentum could lead to a retracement toward the $3.88 support level. If this support is breached, a deeper correction to $3.70 may follow, potentially triggering a shift in market sentiment.
With the RSI hovering at 50.89, the market remains neutral — giving both bulls and bears a chance to seize control. The coming sessions will be critical in determining whether SUI can shake off the DEX exploit setback and reclaim higher ground.
