Sui (SUI), a smart-contract Layer 1 built on the Move language by ex-Meta engineers, is trading around $3.75 today, down roughly 6% in 24 hours amid a broader market pullback. The blockchain supports over 100 dApps, with native features like parallel execution and sub-second finality fueling notable adoption in DeFi, gaming, and NFTs. On-chain data shows total value locked (TVL) bouncing toward $2 billion as ETF buzz and institutional interest rise. Technical analysis places resistance between $4.30–4.50, with potential to rally to $5 if the broader altcoin season continues. Despite short-term volatility, Sui’s unique tech and growing ecosystem suggest solid upside potential. Traders are watching support near $3.50 and moves above $4.30 closely, balancing risk management with long-term fundamentals.
