Is SUI in danger after the recent downturn? Here’s a key analysis every holder should see
SUI has shown a moderate decline in recent days, dropping to $3.46, and many are wondering if this is the start of a larger correction or an entry opportunity.
What is happening with SUI?
Recently, the Sui ecosystem was affected by a hack on Cetus, a DEX built on its network. Although the attack created a stir, Sui validators reacted quickly and froze a large part of the stolen funds, earning the respect of the community. Still, the psychological impact was inevitable.
From the technical analysis:
Current critical zone: $3.43 – key support level. If it loses this, we could see a drop to $3.14 or even $2.33.
RSI in oversold: It shows us that there is bearish pressure, but also potential for a bounce if the support holds.
EMA 7 and 25 with bearish crossover: The short-term trend is still weak.
So, is it worth keeping an eye on SUI? Yes. If it respects the current level, we could see a recovery towards $3.65 – $3.75. But if it breaks strongly, it’s wise to be patient and watch for a new entry lower down.
SUI has not lost its potential: it remains one of the most innovative L1s in the market, with solid infrastructure and a responsive community.✅
What do you think?
Does it recover or keep falling?
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