Background Information: Sui Network has performed well since the end of 2023, especially with continuous growth in 2025, active on-chain activities, particularly excelling in the DeFi sector, challenging major L1 blockchains like Solana.

Major Events:
- The market capitalization of SUI's stablecoin reached $1.13 billion, far exceeding other major blockchains, demonstrating its dominant position in stablecoin liquidity.
- In the past 24 hours, top dApps like Bluefin and Momentum generated a total revenue of $77,000, indicating an active ecosystem.
- The total number of accounts grew from 124.3 million in April 2025 to 208.8 million in June, continuously reaching historical highs, showing robust user adoption.

Price Trends and Analysis:
- Despite the growth in on-chain activities, SUI's price has been under pressure since early May, dropping to the key support range of $2.80-$3.00.
- Technical indicators show current bearish momentum, but the MACD indicates a bullish divergence, suggesting a potential rebound.
- If the price can hold above the $3 support, it is expected to rise to $3.50; if it falls below $2.80, it may further decline to $2.50.

Potential Impact:
Sui Network has strong fundamentals, with ongoing on-chain activities and user growth, but the price faces adjustment pressure in the short term. Investors need to pay attention to key support levels and changes in technical indicators.