SUI Token Drops Nearly 6% After Brief Spike as Stronger U.S. Dollar Pressures Crypto Market

SUI reversed gains from an overnight rally amid a broader crypto sell-off and rising U.S. Dollar Index.

SUI fell nearly 6% to $4.04 after a sharp overnight spike, as heavy trading volume gave way to intensified selling.

The token broke below key support levels, with resistance now forming around $4.20 and signs of a double-bottom near $4.08.

Broader market weakness and a stronger U.S. dollar added pressure, though SUI remains up 46% over the past month.