Sui is currently trading around 3.20 USD after a sharp 26% decline from recent highs of 4.29 USD. Breaking the critical support at 3.00 USD could lead to further losses, reflecting a bearish sentiment in the market.
Despite the price drop, Sui’s Total Value Locked (TVL) in DeFi has increased to 1.75 billion USD, showing that investor confidence remains, although technical indicators suggest ongoing bearish momentum.
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