Sui Drops to $3.15: Short-term Bear Market or a Good Buying Opportunity?

Sui's price continues to decline, reporting $3.15 on June 13, 2025, a drop of over 36% from the December high of $4.91, sparking market discussions. The technical indicators show characteristics of a short-term bear market: the price has fallen below the 20-day moving average ($3.40) and the support level of $3.18, with the RSI approaching the oversold zone (40) and MACD bearish momentum weakening, making $3.10 a key support level. Market sentiment is low, with users on platform X like @BUYI1413 predicting a drop to $1.30. The SEC's delay in the decision on the Sui spot ETF (June 4) has increased uncertainty, leading to capital outflows from Layer 1 tokens.

The macro environment is also unfavorable, with the Federal Reserve's expectations for rate cuts in 2025 reduced to two, and May's CPI inflation pressure (natural gas +15.3%) raising risk-averse sentiment, while Bitcoin's drop below $108,000 weighs on altcoins. However, Sui's fundamentals are solid: DeFi TVL reaches $1.75 billion, ranking ninth, and DeepBook's trading volume has surged by 120%, highlighting ecological potential. Short-term traders may focus on the $3.10 support; if it holds, they could test $3.3-$3.5 with a stop loss at $3.05; long-term investors might consider accumulating at lower prices, betting on Sui's technical advantage of 297,000 transactions per second.

The short-term bear market pressure is significant, but oversold signals and fundamental support suggest a rebound may not be far off. Are you buying the dip or waiting on the sidelines? Share your strategy! #SUI