SUI Navigates Market Turbulence with Strong Support at $3.40 Amid Recovery Efforts

SUI saw a sharp 6% decline overnight, falling from $3.59 to $3.38 as geopolitical tensions and security concerns impacted the broader crypto market. The sell-off was marked by exceptional trading volume—24.8 million SUI traded in a single hour, more than triple the average. Buyers stepped in at the $3.40-$3.42 support zone, stabilizing the price. A recovery channel formed, though momentum slowed near the $3.48 resistance level. Later, a volume spike to 545,865 units—four times the hourly average—boosted the price from $3.43, showing sustained interest.

In parallel, the sui community rallied behind Cetus Protocol’s recovery plan after a recent hack. Validators overwhelmingly approved measures to return frozen funds to affected users, highlighting effective blockchain governance during a crisis.