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SUI price drops 10% to $3.02 – Can buyers near $3 change the trend?
On June 13, 2025, the price of the cryptocurrency SUI dropped sharply by 9.64%, falling from $3.34 to as low as $2.9556 during the day.
The main reason for this fall was the breakdown of the $3.20 support level, which triggered the sale of over 50 million tokens, creating strong selling pressure in the market.
The price briefly went above $3.00 but soon found support around $2.997, where buyers showed some interest.
After that, the price slightly recovered and stabilized between $3.00 and $3.05, but the market remains weak. Lower highs are forming, which shows that sellers are still in control.
This decline has caused fear and uncertainty in the market, especially after the break of the $3.20 support level.
Still, the $3.00 level acted as a psychological barrier and temporarily stopped further decline.
According to volume analysis, over 1.2 million tokens were traded at 14:00 UTC, showing cautious buying activity.
However, if buyers cannot push the price above the $3.05 resistance, the current recovery might not last. A strong close above $3.05 is the first sign that the downtrend may end.
This price movement also reflects the overall weakness in the crypto market and is influenced by Bitcoin’s temporary rise after new U.S. inflation data was released.
Technical analysis shows that this price volatility is mainly due to technical factors. The break of key levels has shaken market confidence. The market is still looking for stability, and if buyers don’t step in, prices could fall even more.
