On June 13, 2025, SUI witnessed a significant drop of 9.64%, reaching $3.0211 after plummeting to $2.9556. This occurred due to substantial selling pressure following a breakdown at a crucial support level of $3.20, which was previously considered strong. The result was a total trade volume exceeding 50 million tokens during the sell-off.

After dipping below the $3.00 threshold, SUI appeared to find some support around $2.997, where buyers began stepping in, allowing the price to stabilize within a narrow band of $3.00–$3.05. However, momentum appeared fragile, as lower highs were recorded, indicating that sellers might still hold the advantage unless buyers can drive the price convincingly above $3.05.

Key Points to Note:

• SUI dropped from $3.34 to its intraday low of $2.9556, marking a decline of 12.9%.
• A breakdown at $3.20 initiated a surge of sell orders exceeding 50 million tokens.
• The price has since stabilized within the $3.00–$3.05 range.
• Trading volume peaked at 14:00 UTC, with over 1.2 million tokens traded in a single hour.
• The current market sentiment remains cautious as potential resistance builds near $3.05.

Disclaimer: Parts of this article were generated with the assistance of AI tools and reviewed for accuracy and adherence to standards.