SUI dropped to $2.60, but traders bought it back at a high pace to the V recovery above the 2.80 level.
LINK fell $13.50 to $12.75 and then re-entered at $13.35, returning to its previous level.
DOT was exchanging between $3.15 and $3.55, with support at $3.30 and resistance at $3.45.
Web3 cryptocurrencies display distinct price patterns this week across primary tokens. SUI, Chainlink (LINK), and Polkadot (DOT) showed recovery phases and consolidation zones. Traders and developers tracked performance to gauge momentum in decentralized finance and innovative contract ecosystems. Technical analysis guides many market participants in their trading decisions.
SUI Token’s Intraday Range and V-Shaped Recovery
SUI fluctuated in a broad $2.30–$2.90 intraday range over the past week. The token surged above $2.85 on June 24 before it entered a corrective phase. Sellers pushed the price down to a low near $2.60 on June 27. Buyers reentered at that support level, which triggered a rapid V-shaped recovery back above $2.80.
Trading volume reached its peak during the first spike and subsequent retracement, implying increased trading activity during extremes. Trading volume then narrowed during the bounce, which showed that accumulation was being done with caution. The token is trading at approximately $2.80, and the resistance is being checked in the range of $2.80 to 2.85. The nearest support is at $2.65, and the traders will monitor the occurrence of a breakup or dispersion of buying pressures beyond $2.85.
SUI is an L1 Web3 blockchain capable of smart contracts and transactions written in Move. The developers utilize SUI's scalable construction to launch decentralized applications and gaming projects. The network offers quick transactions and low charges. Community staking anchors the protocol and supports the ecosystem by funding grant programs. Observers monitor the on-chain activity as a proxy to gauge the real-world adoption activity of this new Web3 network.
Chainlink (LINK): Multi-Day Rally and Resistance Test
Chainlink (LINK) initially peaked near $13.50 on June 26 before it rolled over into a series of lower highs. Sellers drove the price down to $12.75 late on June 27. Buyers then reentered the market, which sparked a sustained rally. By June 29, LINK climbed above $13.40, retracing much of the prior decline.
Volume proved heavier on the downswing than on the recovery, indicating more aggressive selling pressure at peak levels. During the rebound, a lighter yet consistent volume suggested measured buying interest. As of the latest hourly data, LINK consolidates around $13.35, just under its $13.45 resistance zone. Traders monitor that level for a potential breakout or renewed pullback.
Chainlink serves as a key oracle provider within Web3 ecosystems by supplying real-world data to smart contracts. Its decentralized oracle network underpins DeFi applications, derivatives, and insurance protocols. LINK tokens secure oracle nodes and incentivize accurate data feeds. Recent network upgrades enhanced data throughput and reduced gas costs. Developers and institutional users alike rely on these oracles to bridge off-chain information.
Polkadot (DOT): Stability Amid Recovery and Range-Bound Trading
Polkadot (DOT) traded between $3.15 and $3.55 over the past week. The token spiked to about $3.55 on June 24 before correcting to a low near $3.30 by June 27. Buyers then stepped in and drove a steady recovery back to $3.43 by June 29. This move retraced much of the drop.
DOT saw peak volume during the initial rally and the subsequent sell-off, followed by lighter volume during the bounce. This pattern suggests intense activity at extremes and cautious accumulation near support. The token now consolidates near $3.44, facing resistance at $3.45 and support around $3.35. Market participants await a decisive breakout to set the next short-term trend.
Polkadot uses a multichain framework that connects specialized blockchains called parachains. This design enables interoperability among Web3 networks and shared security via a central relay chain. DOT tokens power governance decisions, parachain auctions, and staking operations. The introduction of several parachains in the recent past has seen an expansion of utility in DeFi, NFTs, and data analytics. Developers build composable Web3 applications by utilizing cross-chain messaging capabilities.
Such price dynamics reveal the changes in Web3 cryptocurrencies in various networks. The patterns of recovery, volume, and technical range are different in SUI, LINK, and DOT. Cryptocurrency investors use these parameters to set up entry and exit positions in the decentralized finance markets. In the meantime, developers and ecosystem participants observe changes in on-chain activity and protocol improvements to assess the growth of long-term adoption and network health in the Web3 ecosystem. These trends reflect the effects of a decentralized market and network upgrade.
