SUI Slides 6% as Dollar Strength and Crypto Sell-Off Pressure Prices

SUI, the native token of the Sui blockchain, fell nearly 6% over the past 24 hours, reversing overnight gains amid broader crypto market weakness and a rising U.S. Dollar Index. The token declined to $4.04 after briefly touching $4.44, as trading volume surged to 32.37 million tokens—well above its daily average, according to CoinDesk Analytics.

While bulls initially defended the $4.32 level, momentum shifted as bears drove the price through key technical supports. SUI closed the session at $4.11, marking a 5.25% decline. Analysts now see resistance forming between $4.20 and $4.24, with a potential double-bottom emerging near $4.08.

The sell-off in SUI coincided with a 1% gain in the U.S. Dollar Index, a common headwind for digital assets. The broader market also showed signs of stress, with the CoinDesk 20 Index down 1.4% on the day.

Despite the pullback, SUI remains up 46% over the past month—outpacing the CoinDesk 20’s 33% rise—driven by growing momentum in its ecosystem. Data from DeFiLlama shows total value locked on Sui surpassed $2 billion earlier this month, underscoring continued investor interest.