Overview of Sui
Sui is the token of the Layer 1 blockchain of the same name, built on the Move programming language. The platform uses a Delegated Proof-of-Stake (DPoS) consensus mechanism and is focused on scalable DeFi applications, NFTs, and high-speed transactions. Sui positions itself as a competitor to Solana, offering low fees and high throughput.
- Price (June 6, 2025): ~$3.30 (according to CoinDesk and FXStreet).
- Market capitalization: ~$12.3 billion (13th place among cryptocurrencies).
- Trading volume (24 hr): Data varies, but activity decreased after a peak at the end of May.
- News:
- Recovery after the hack: In May 2025, the decentralized exchange Cetus on Sui was attacked for $223 million. Validators froze $162 million, and 90.9% voted for their return, which strengthened trust in the ecosystem.[
- ETF filing: Nasdaq has applied for a listing of the spot Sui ETF from 21Shares, signaling institutional interest. SEC decision is expected by January 18, 2026.
- Integration with Microsoft: Sui is integrated into Microsoft’s analytics platform along with BTC and ETH, emphasizing its significance. DEX volumes reached $4.1 billion, and the inflow of stablecoins was $83.4 million.
Technical analysis
- Current situation: After rising to $3.39 (June 3), the price corrected to $3.30, showing consolidation. A descending triangle is visible on the daily chart, but support at $3.04–$3.22 (100 and 200 EMA) holds the price.
- Key levels:
- Support: $3.04 (200 EMA), then $2.86–$2.71 on a break.
- Resistance: $3.50 (recent high), then $4.00. Long-term target — $7.56 (according to the ascending channel).
- Indicators:
- RSI: ~50 (neutral zone after a decline from overbought)
- MACD: Lines are approaching a bullish crossover, which may signal a momentum recovery.[]
- EMA: Price is above the 100 and 200 EMA on the daily chart, supporting a bullish sentiment.[]
- Volumes: Decreased activity after the Cetus hack, but support at $3.30–$3.40 shows buyer interest.
- Chart: Price is consolidating around $3.30, forming an ascending channel with resistance at $3.50. See the chart on TradingView (SUI/USDT) or CoinMarketCap.
Fundamental factors
- Positive:
- Quick recovery after the Cetus hack demonstrates the strength of Sui's governance.
- Integration with Microsoft and ETF filing enhances institutional interest.
- Increase in TVL (total value locked) after a decline due to the hack.
- Risks:
- Recent hack raised doubts about the decentralization of the network.
- Unlocking tokens (58.35 million on June 1) creates selling pressure.
- High concentration of tokens among insiders
Recommendations
- Traders: Buy when holding at $3.30 (target $3.50–$4.00, stop-loss $3.00). Sell on a break below $3.04 (target $2.86–$2.71).
- Investors: Long-term potential is high due to DeFi and ETFs, but consider the risks of token unlocks.