On Monday, June 2nd, the SUI skilled a slight downtick of two% to succeed in a buying and selling value of $3.27. The promoting strain adopted Bitcoin’s extended correction beneath $110,000, sustaining a bearish market narrative. Opposite to cost decline, SUI’s community exercise exhibits notable development as every day DEX quantity surpassed the $304 million mark. Is a bullish rebound imminent?
Sui Community Units New Benchmark in Q1 2025
The SUI community emerged as a standout performer in early 2025. In keeping with Messari’s Q1 report, the SUI’s common every day DEX quantity surged 14.6% quarter-over-quarter and set a brand new all-time excessive of $304.3 million.
Larger DEX quantity usually displays growing demand for on-chain exercise, suggesting that extra customers are using the ecosystem’s providers, comparable to swaps, offering liquidity, and interesting in DeFi protocols on SUI.
As well as, the ecosystem has expanded its attain, offering entry to over 100 million customers. As rising community exercise helps SUI’s demand through the value pullback, the coin maintains its place because the Twelfth-largest cryptocurrency, based on CoinMarketCap information
SUI Price Faces Main Breakdown Under 200-day EMA
During the last three weeks, the SUI value has skilled a downward pattern, dropping from $4.29 to $3.20, accounting for a 23.38% loss. The promoting strain adopted renewed correction in Bitcoin and a protracted tariff warfare between america and different international locations.
The every day chart illustrates this downtrend with a sequence of decrease highs, indicating a sell-the-bounce sentiment. If the bearish momentum persists, the SUI value will breach the month-to-month help of $3.22, which coincides with the 200-day exponential transferring common.
This breakdown will strengthen the vendor’s grip over this asset and drive an extra value decline to $2.52.
Quite the opposite, the $3.22 flooring stays a robust pivot degree for patrons because it additionally aligns with the 50% Fibonacci retracement degree. Theoretically, a value drop to this diploma is taken into account wholesome for patrons to regain their bullish momentum and resume the prevailing uptrend.
Thus, the potential merchants should wait to see how the SUI value unfolds on the aforementioned earlier than coming into the market. A possible surge above the $3.65 resistance may bolster restoration potential.
Additionally Learn: $3 or $1.8? Where XRP Price Heading In June 2025
