SUI price turns bearish, Could slide to $1.65 soon
The post SUI price turns bearish, Could slide to $1.65 soon appeared on BitcoinEthereumNews.com.
Key Takeaways What signals a bearish outlook for SUI despite increased trading activity? A 22% price drop, declining TVL, and technical breakdowns suggest continued downward pressure despite a 350% surge in trading volume. What could reverse SUI’s bearish trend in the near term? Reclaiming the $3 level and breaking above the ascending trendline could signal a potential bullish reversal. Sui [SUI] prices dropped amid the broader market crash, bringing an end to its prolonged uptrend and signaling the potential for further declines. The bearish outlook is reinforced by a drop in Total Value Locked (TVL), key technical breakdowns, and strong market participation, all of which suggest continued downward pressure. At press time, SUI was trading around $2.72, down 22% over the past 24 hours. This sharp decline was accompanied by a surge in trader and investor activity. According to CoinMarketCap, SUI’s 24-hour trading volume jumped 350% to $434 million. The combination of a steep price drop and soaring volume suggests that market participants are actively pushing the price lower, likely driven by heightened bearish sentiment. On-chain signal bearish outlook In fact, Sui’s on-chain metrics further weaken its current outlook. According to DeFiLlama, SUI’s TVL has dropped significantly by 18.90%, bringing the value down to $2.103 billion. Source: DeFiLlama A decline in TVL indicates that investors are withdrawing their funds from the network, reflecting reduced confidence and lower activity within the Sui ecosystem. Meanwhile, Sui’s DEX volume has spiked to a record high of $1.543 billion, according to DeFiLlama. This surge in trading activity likely reflects panic selling and investor exits, signaling heightened fear and uncertainty across the market. SUI technical outlook: Levels to watch According to AMBCrypto’s technical analysis, SUI is currently trading sideways, hovering within a tight range between $2.529 and $2.817, the lower and upper boundaries, respectively. This…
Filed under: News - @ October 11, 2025 9:13 pm