- Despite Cetus exploit, SUI’s Layer 1 activity stays active. New VARA Dubai partnership aids global network growth.
- Surpassing $3.60 resistance might cause over $96 million in liquidations, potentially accelerating price movement upward.
SUI (Sui Network) is trading at $3.42 USD, reflecting a −0.85% daily decline. Despite short-term weakness, SUI has risen +2.60% over the past week, although it remains −17.06% for the month and −16.89% year-to-date, indicating a market that’s still in a corrective phase after sharp growth in late 2024.
From a technical standpoint, SUI is approaching a critical resistance level at $3.50. A confirmed breakout above this level could initiate a retest of its all-time high near $5.37 USD, especially if volume increases and the broader altcoin market strengthens.
However, failure to hold above $3.30–$3.35 support could lead to a deeper pullback toward $3.05–$2.90. Oscillators and moving averages are currently neutral, suggesting a wait-and-see approach for traders.
Fundamentally, SUI remains a promising Layer 1 blockchain with rising institutional attention. Despite recent setbacks—including the Cetus DEX exploit—developer and DeFi activity on the network remains robust.
Big news from Dubai! SuiHub MENA has teamed up with @varadubai to support web3 builders through regulatory education, talent programs, and data-driven insights. Together, we’re shaping the future of virtual assets in the region.
EN🔗https://t.co/H6RtYtJ8I8… pic.twitter.com/gmiD7g2a0d
— SuiHub MENA (@SuiHub_MENA) June 10, 2025
The network is also expanding globally, having recently partnered with VARA Dubai, and analysts note that a sustained push above $3.60 could trigger over $96 million in liquidations, fueling a parabolic move.
