The The cost of SUI remains under strong selling pressure as the token dropped more than 5% in the last 24 hours, dropping to $0.83. The decline was accompanied by a volume of trading of more than $67 million, reflecting the market’s uptrend as the bears strengthened their grip. Although the price has entered the critical zone between $0.82 and $0.85, the metrics on the chain paint a picture.
Internet services are deteriorating, and the flow of money remains negative. Could this key support phase lead to a reversal, or is SUI poised to break deeper below its current level?
SUI Network Service Continues to Weak
In addition to the recent price drop, SUI’s activity on the chain shows that the network is experiencing a significant decrease in user participation. Data from Artemis shows daily active addresses and user growth have been declining over the past few months, reflecting weak engagement across the ecosystem.
A drop in active addresses indicates that fewer users are using built-in network applications, while a decrease in new addresses indicates a decrease in adoption and a decrease in new participants. Together, these metrics often serve as leading indicators of network demand, making their continued decline a potential long-term cost concern.
Investors Continue to Bet on Recovery Despite Weak Demand
Interestingly, derivatives traders have not completely abandoned SUI despite the slowdown in online activity and recent price weakness. Data from Messari shows that open interest is still high at around $442 million, meaning that most of the money is still being allocated to the SUI futures market. At the same time, currency rates have remained positive over the past few weeks, indicating that long-term holders continue to pay high premiums to hedge their bets.
This often shows optimism among traders, even when the real estate market is struggling to establish a stable future. These differences are becoming increasingly difficult to ignore. On the one hand, active addresses and the growth of new users continue to decrease, which indicates a weakening of the participation of the environment. On the other hand, emerging market traders seem to have a chance of recovery, maintaining bullish sentiment despite market uncertainty.
Can SUI Come Back After Entering Senior Centers?
Despite the weakness of chain operations, SUI has entered one of the most important sectors in recent months. The price is currently trading near the lower limit of the long-term demand zone between $0.82 and $0.85, an area that has historically attracted buyers and triggered support rallies.
The Relative Strength Index (RSI) is nearing oversold territory, indicating that the bearish momentum may be about to be exhausted. However, Chaikin Money Flow (CMF) remains below the zero line, indicating that capital continues to flow out of the stock, and buyers could no longer control it.
A positive return from these levels would allow SUI to retake the necessary resistance near $1.07 and re-enter its previous trade. Besides, a definite break below the support area of $0.82 could make the recovery unacceptable. It may also show lower support levels near $0.74. If selling pressure continues to intensify along with the slowdown in online activity, the correction could continue in the coming weeks.
As a result, the current support phase can determine whether the SUI is recovering well or continuing its decline.
June SUI Price Predictions: Will It Return to $1.20?
For SUI to regain $1.2, the bulls must have a support area between $0.82 and $0.85 and pass the resistance near $1.07. A move above this level could revive the bullish trend and open the way for profit-taking if the market continues to improve.
However, continued weakness in online activity can reduce buying pressure and increase risk. A breakdown below support can send SUI to a lower level before it can recover.
Overall, opinions on SUI remain mixed. Reaching $1.2 is possible, but it will depend on strong participation in the network and successful movement above the resistance of privacy.
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