SUI Struggles to Hold $2.5: Key Market Signals Point to Increased Volatility

SUI struggles to hold the $2.5 support as liquidity weakens, with trading volume plunging 31% in 24 hours.

King Crypto highlights SUI’s failed breakout past $2.8, confirming strong resistance and ongoing market pressure.

SUI’s market cap drops 6.86%, while investors remain cautious, awaiting a breakout to signal potential recovery.

Sui (SUI) has declined to $2.38, dropping 6.86% in the past 24 hours, according to CoinMarketCap. Market cap is now $7.56 billion, while trading volume has fallen 31.33% to $913.92 million, reflecting weaker liquidity and investor activity.

Price Action and Market Cap Trends

A shift in SUI’s liquidity shows reduced buyer interest, affecting market stability. CoinMarketCap data reveals a falling volume-to-market cap ratio of 12.09%, reinforcing bearish sentiment. Despite accumulation, price action remains under pressure.

Market analyst King Crypto provided insights into SUI’s movement. He mentioned SUI’s attempt to break $2.8 but noted strong resistance. He highlighted $2.5 as a key support level based on CoinMarketCap data. He confirmed the current retest follows Bitcoin’s dip, influencing market conditions.

Source: King Crypto

SUI’s price hit $2.56 before falling. Multiple failed recovery attempts have kept it below resistance zones. He mentioned constrained liquidity and declining trading activity, and increasing volatility.

The fully diluted valuation (FDV) is $23.86 billion, reflecting uncirculated tokens. Declining volume signals lower participation. CoinMarketCap data confirms this aligns with broader market weakness.

Trading Volume and Investor Sentiment

CoinMarketCap data shows a 31.33% drop in 24-hour trading volume, signaling reduced trader interest. Lower transaction activity suggests a cooling period, with investors hesitant to engage. He noted a correlation between trading volume and price action, reinforcing the bearish trend.

Market structure shows resistance holding, with no clear breakout signs. He confirmed CoinMarketCap’s circulating supply analysis at 3.16 billion SUI tokens, limiting immediate upside. Investors monitor key levels for stability before re-entering.

Key Metrics Impacting SUI’s Trajectory

Despite sell-offs, CoinMarketCap data highlights accumulation zones as key to price movement. King Crypto mentioned support at $2.58, holding multiple times, preventing further declines. He noted a break below could lead to a correction toward $1.60.

Market sentiment remains cautious, with technical indicators showing bearish momentum. The price stays below moving averages, reinforcing resistance. He confirmed traders are watching for breakout confirmation before shifting sentiment.