$SUI
đ¨SUI Price Analysis: Hack Fallout Halts the Climbđ¨
The latest SUI price analysis shows clear resistance at the $4 mark as the network deals with the impact of a $223 million hack on Cetus Protocol. SUI is currently trading at $3.62, down nearly 20% from its pre-hack high of $4.29. The exploit triggered a fast sell-off and raised tough questions about decentralization, especially after validators froze $162 million in stolen assets, sparking debate over how much control they really have.
On the technical side, things look mixed. The RSI sits around 50, showing neutral momentum, while the MACD signals a bearish crossover. Still, the 50-, 100-, and 200-day moving averages are flashing buy signals. Short-term traders are watching closely, but this SUI price analysis suggests it may take more than indicators to rebuild confidence. For now, the networkâs growth narrative is on pause until sentiment recovers, and until the $4 resistance can finally be broken.