Sui ($SUI) Crypto Forecast: Down 8.1% Today

What is Sui?

SUI is a cryptocurrency token that saw a significant bearish movement today amidst broader market volatility in the crypto space.

Why is Sui going down?

SUI crypto is down 8.1% on Jun 13, 2025 11:36

• The bearish movement of SUI is believed to be linked to the overall crypto market downturn influenced by escalating conflict between Israel and Iran, creating a risk-off sentiment among investors.
• Despite a favorable momentum for SUI earlier in the week, the geopolitical tensions and subsequent market decline likely caused a shift in sentiment, leading to the bearish movement.
• The triangle fallout below $3 for SUI, along with a drop in Open Interest and Total Value Locked (TVL), suggests a decline in confidence and decreased participation in the token, further intensifying its downward trend.

SUI Price Chart

SUI Technical Analysis

SUI News

Sui Price Forecast: Sui eyes triangle fallout below $3 as Open Interest, TVL plunge

Sui (SUI) edges lower by over 5% at press time on Friday, concurrent with the broader crypto market crash due to the escalation of the conflict between Israel and Iran.

https://www.fxstreet.com/cryptocurrencies/news/sui-price-forecast-sui-eyes-triangle-fallout-below-3-as-open-interest-tvl-plunge-202506131010

Altcoins to watch this week: UNI, SUI eye double-digit gains as momentum builds

Altcoins Uniswap (UNI) and Sui (SUI) are gaining traction this week, showing signs of potential double-digit gains. UNI is approaching a key technical barrier, while SUI has rebounded after testing crucial levels.

https://www.fxstreet.com/cryptocurrencies/news/altcoins-to-watch-this-week-uni-sui-eye-double-digit-gains-as-momentum-builds-202506100807

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Sui Price History

10.05.2025 - SUI Crypto was up 5.2%

• The bullish movement in SUI today seems to stem from a recovery after testing significant support levels, signaling a resurgence in investor confidence.
• The positive momentum in the altcoin sector, exemplified by tokens like UNI also showing substantial gains, likely influenced SUI's upward trajectory.
• Despite facing challenges and pullbacks recently, the ability of SUI to sustain levels above $3.00 and increase today hints at a potential shift in market sentiment towards the token.

28.04.2025 - SUI Crypto was up 7.7%

• The surge in SUI's value could be linked to SUI Network's unveiling of a $10 million security initiative post the Cetus hack, which helped reassure investors and bolster confidence in the token.
• Cetus Protocol's promise to fully reimburse users affected by the hack, subject to a community vote, likely contributed to a favorable market sentiment, benefiting SUI.
• Nasdaq submitting the 21Shares SUI ETF paperwork to the SEC suggests potential future growth in institutional investment in SUI, leading to increased demand and prices.
• The upward trend in SUI was also driven by the SUI Foundation's decision to provide a loan to Cetus Protocol, illustrating strong collaboration within the ecosystem that investors viewed positively.

28.04.2025 - SUI Crypto was up 6.5%

• SUI witnessed a strong bullish trend following the announcement of full compensation for losses incurred by Cetus in a $223M exploit by the Sui Network.
• Seeking support from the community, Cetus revealed a recovery plan to retrieve $162 million after the Sui hack and secured a bridge loan from SUI.
• Investor confidence was boosted by SUI Network's introduction of a $10M security plan after the Cetus hack, resulting in a positive market response.
• The bullish price surge in SUI was driven by the news of enhanced security measures and compensation efforts, outweighing the overall market sentiment.

28.04.2025 - SUI Crypto was up 6.4%

• The recent announcement of a $10M security plan by SUI Network, following a hack incident, has likely enhanced investor confidence in the token's security measures, resulting in increased buying activity.
• Cetus Protocol's commitment to fully compensate affected users post a community vote has potentially bolstered trust in the DeFi ecosystem, positively affecting SUI's price.
• The submission of the 21Shares SUI ETF form to the SEC by Nasdaq suggests a rise in institutional interest in SUI, which could attract more traditional investors to the token.
• The bullish price movement in SUI, supported by the SUI Foundation's loans to Cetus Protocol, demonstrates strong support for the project's long-term prospects and sustainability.

28.04.2025 - SUI Crypto was up 6.0%

• The bullish movement in SUI today can be attributed to the positive developments surrounding the Cetus Protocol hack and subsequent reimbursement efforts:
• The SUI community approving the return of $162M in stolen Cetus funds demonstrates a strong commitment to security and integrity within the ecosystem.
• Nasdaq's application to list 21Shares' SUI ETF indicates growing mainstream interest and adoption of SUI, boosting investor confidence.
• Cetus Protocol's announcement of 100% user reimbursement and SUI Network stepping in to compensate losses after the exploit have restored faith in the project, leading to a rally in both CETUS and SUI tokens.
• The community vote by Cetus to recover $162 million post-SUI hack shows a united front in addressing security breaches, reassuring investors and driving up SUI's value.

28.04.2025 - SUI Crypto was up 5.1%

• The bullish movement of SUI today can be attributed to the Sui Foundation's decision to loan Cetus Protocol, which has sparked positive sentiment among investors.
• The announcement of Nasdaq filing for a SUI ETF has also contributed to the price surge, indicating growing institutional interest in the token.
• Despite facing challenges such as the $220M Cetus exploit, SUI's commitment to sharing details and enhancing security measures has reassured investors, leading to increased confidence in the token.
• The competition from Hyperliquid in terms of market cap might have initially caused some uncertainty, but the overall bullish momentum of SUI suggests that investors are optimistic about its future prospects.

28.04.2025 - SUI Crypto was up 6.3%

• The surge in SUI's price can be linked to recent positive developments within the cryptocurrency sector, specifically related to the recovery of hacked funds in the CETUS token ecosystem.
• The Sui Foundation's support for a full compensation plan for users impacted by the $223M hack in CETUS tokens has bolstered positive market sentiment towards SUI.
• The community's approval of a $162M recovery transaction for victims of the CETUS hack has further instilled confidence in the token, leading to a rise in buying activity.
• Moreover, the filing by Nasdaq for the listing of 21Shares' SUI ETF might have attracted institutional investors and played a role in the bullish movement of SUI.

28.04.2025 - SUI Crypto was down 5.2%

• The bearish movement in SUI today might be linked to the exploit scare associated with the Cetus incident, leading to uncertainty among investors.
• Despite the negative impact of the exploit scare, the network's prompt response with a $10 million security commitment could help restore investor confidence and potentially support a rebound in the future.
• The positive development of SUI's increase alongside a Spot ETF filing and the community's voting on the Cetus recovery plan may signal resilience in the token's ecosystem, providing hope for a turnaround soon.
• The potential for a 100% surge in SUI, fueled by the Nasdaq ETF bid and favorable technical signals, indicates that market sentiment remains positive about the token's future outlook despite recent challenges.

13.05.2025 - SUI Crypto was down 8.1%

• The bearish movement of SUI is believed to be linked to the overall crypto market downturn influenced by escalating conflict between Israel and Iran, creating a risk-off sentiment among investors.
• Despite a favorable momentum for SUI earlier in the week, the geopolitical tensions and subsequent market decline likely caused a shift in sentiment, leading to the bearish movement.
• The triangle fallout below $3 for SUI, along with a drop in Open Interest and Total Value Locked (TVL), suggests a decline in confidence and decreased participation in the token, further intensifying its downward trend.

05.05.2025 - SUI Crypto was down 5.2%

• SUI has been facing significant selling pressure, leading to a 26% retracement from its recent highs.
• The potential fallout from a triangle pattern could further contribute to the losses, with a target price of $2.71.
• Despite surviving a large number of unlocked tokens, the bearish sentiment persists, threatening to break the $3.00 support level.
• The overall market sentiment towards SUI remains negative, with investors cautious about the token's future performance.

27.04.2025 - SUI Crypto was up 6.7%

• SUI witnessed a significant upward trend in its market value, indicating investors' confidence in the token despite recent security issues.
• The disclosure of a $220M exploit related to Cetus has not had a negative impact on investor sentiment towards SUI, highlighting a sense of resilience.
• The introduction of a SUI ETF by 21Shares and the application for a SUI Token ETF by Nasdaq may have influenced the token's upward movement, drawing more investors to the platform.
• While large investors initiated a selloff, the increasing interest in Ruvi AI might have diverted attention, enabling SUI to flourish amidst market volatility.

27.04.2025 - SUI Crypto was up 5.5%

• The announcement of Nasdaq filing for a SUI ETF caused a 6% price jump, indicating growing mainstream interest in the token.
• Despite a recent $220M exploit incident, SUI's price remained resilient as the company vowed to enhance its security measures, reassuring investors.
• SUI's growth was overshadowed by Web3 ai's impressive 1747% ROI, showing the competitive nature of the cryptocurrency market.
• The overtaking of SUI in market cap by Hyperliquid raised questions about the sustainability of the HYPE rally, potentially leading to some investors shifting their focus to other tokens.