The post Sui (SUI) Price Prediction: Sui Slips Below $3.50 Support Amid $223 Million Cetus Protocol Hack—What’s Next for Sui? appeared on BitcoinEthereumNews.com.

The Sui crypto market is facing a moment of reckoning as the price of the SUI token slipped below a key support level at $3.50, trading at $3.47 at the time of writing. This move comes amid continued fallout from the $223 million Cetus Protocol hack, one of the largest decentralized finance (DeFi) breaches this year, which has rattled investor confidence and triggered a shift in Sui investor sentiment. Sui Price Analysis: From Bullish Momentum to Critical Support Loss The SUI coin had enjoyed a strong rally in recent weeks, briefly touching highs around $4.29 on May 12, backed by increased interest in the Sui DeFi ecosystem, real-world asset tokenization, and institutional involvement. However, the exploit on the Cetus DEX, a core component of the Sui network, marked a significant turning point. Sui (SUI) was trading at around $3.47, down 1.90% in the last 24 hours at press time. Source: Brave New Coin According to market data, the SUI price plunged nearly 14% following the exploit, eventually dropping nearly 20% from its monthly peak. The attack not only wiped out liquidity from pools such as SUI/USDC, which lost about $11 million, but also caused the Total Value Locked (TVL) on the network to shrink from $2.13 billion to $1.54 billion in a matter of days. While SUI briefly bounced back above $3.50 support, it has since slipped again, challenging the bullish narrative that had dominated Sui crypto news updates earlier in May. Sui Technical Analysis: Mixed Signals in the Charts The Sui chart pattern now presents a complex picture. A bearish engulfing candle followed by a long-tailed Doji on the daily chart hinted at indecision around the SUI support level at $3.50. However, the recent dip below that level signals a breakdown in short-term momentum. A potential falling wedge pattern…

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Filed under: News - @ May 27, 2025 8:22 am