Over the past several sessions, the SUI price has continued to move towards the red territory, and when writing, it was trading at $2.4940 with a loss of 17.69% in a week, and 30.15% in a month.
Source: TradingView
Currently, SUI prices are far below its 20, 50, 100, and 200-day exponential moving averages, and the market capitalization is at $8.44 billion.
What does the monthly price chart of SUI show?
The monthly price chart of SUI/USDT reveals persistent down trend with lower high and lower loss dominating the structure, since beginning of June SUI has seen consistent selling pressure feeling to break above the resistance level while sleeping below critical moving averages.
Source: CoinMarketCap
Convergence of 20-day EMA and 50-day EMA around $2.4890 further confirms near-term selling pressure, while the widening gap with the 200 EMA reflects a long-term downtrend.
On the other hand, volume has remained relatively modest throughout the month with occasional spikes around June 5-7 and June 20, likely indicating brief attempts at recovery or liquidation leading to volatility.
Unless SUI can hold above the $2.65- $2.70 resistance zone, the outlook remains bearish with potential for further downside towards the $2.30- $2.10 support area.
SUI’s market cap under fire
The market capitalization of SUI has shown a steady and significant decline over the past month, falling from just under $13 billion in late May to $8.42 billion as of June 23, 2025.
This marks a drop of nearly 35%, indicating sustained bearish sentiment and investor outflow from the SUI ecosystem. A major acceleration in the downtrend was noted on June 10, following a brief period of sideways consolidation and slight recovery.
The sharp decline in Sui’s market capitalization occurred in mid-June, possibly tied to broader market volatility and geopolitical triggers affecting investors’ confidence.
Notably, the decline in the market capitalization aligns with SUI weakening prices, the drop not only suggests a technical correction but is also driven by reduced trading volume, lower investor demand.
A quick brief of SUI network activity
The SUI Network has strong and consistent user growth, and the total number of accounts has reached 213.4 million, with an impressive surge of 433,800 new accounts created in the last 24 hours.
The daily active account has collected between 200,000 and 450,000 the past 30 days, indicating a steady base of engaged users. Meanwhile, the total active account has remained above 150 million, which showcases long-term retention and strong platform adoption.
