SUI is currently finding its footing around $3.00-$3.30. After a significant rally earlier in June, it's experiencing a pullback, testing key support levels. While some short-term bearish pressure exists, on-chain data shows strong ecosystem growth (e.g., surging DEX volume, growing TVL) and increasing developer activity. Upcoming token unlocks (July 1st) could add supply pressure.
What to Watch: A decisive break above $3.50 is crucial for sustained upward momentum, potentially targeting $4 and higher. Conversely, a drop below $2.70-$2.80 could lead to further corrections. The overall crypto market sentiment, especially Bitcoin's movement, remains a key factor.
Outlook: SUI's strong fundamentals and growing ecosystem suggest long-term potential, but short-term price action will be driven by resistance breaks and broader market sentiment.