SUI Token Faces 2.72% Dip After June Rally as Traders Navigate Volatility and Resistance Levels

SUIUSDT has experienced a 2.72% price decline over the past 24 hours, currently trading at 2.6860 according to Binance data. The recent price movement appears to be influenced by a combination of profit-taking following a strong rally earlier in June, where SUI saw significant gains, and ongoing market volatility as traders react to technical signals and shifting sentiment. Recent analyses highlighted a bullish breakout and renewed buying interest, but short-term corrections and resistance at the 2.80 level have contributed to the current downward pressure. Additionally, no major project developments have been reported in the past week, with market activity largely driven by trading dynamics and technical analysis. SUI maintains a robust market presence with a market capitalization near $9.2 billion, a 24-hour trading volume exceeding $722 million, and a circulating supply of approximately 3.4 billion tokens.