SUI Faces 3.89% Pullback Despite Bullish Fundamentals and Claynosaurz Web3 Partnership
SUI’s native token dropped 3.89% to $3.33, with trading volume declining 36.64% to $1.02 billion. The seven-day performance shows a 1.95% decrease, indicating a minor correction after sustained upward movement.
Despite the dip, the market structure remains bullish. The Relative Strength Index (RSI) at 82.89 indicates overbought conditions, pointing to potential short-term consolidation. Analysts remain cautiously optimistic about SUI’s prospects.
The project’s strategic partnership with Claynosaurz reinforces its Web3 adoption narrative. This collaboration may counterbalance near-term price volatility with long-term ecosystem growth potential.