SUI To Face Another Pullback Following 5.3% Dip, Analysts Forecast 30% Correction
Summary
SUI, the native token of the Sui Network, has experienced a 13% decline over the past week, breaking a one-month bullish trend and raising bearish sentiment among investors. The token dropped 5.3% in the last 24 hours, losing key support levels and causing concern among market analysts. After a strong Q3 performance, SUI reached an all-time high of $2.35 but faced a 15% correction following insider selling allegations totaling $400 million. Recently, SUI fell below the $2 support level, hitting $1.87 before recovering slightly. Analysts predict a potential further pullback of 25% to 30%, possibly targeting the $1.4 support zone. Despite recent declines, SUI has seen a 30.7% increase over the month, trading at $1.92.
