SUI Token Dips 9% Amid Market Turbulence, But Analysts See Accumulation Signals

SUI, the native token of the sui blockchain, dropped 8.99% to $2.35 in the past 24 hours, extending its weekly loss to 20.44%. Despite the decline, trading volume spiked 129.19% to $1.42 billion, indicating strong investor engagement.

Market analysts remain divided on the outlook. While some attribute the dip to broader crypto market volatility, others highlight SUI's robust fundamentals as a Layer 1 solution. Noted crypto analyst pebloescobarSEI observed accumulation patterns forming in the $2.50–$2.70 support zone, potentially signaling institutional buying interest.

Price forecasts for 2025 range from $2.24 to $5.35, with the upper bound contingent on continued ecosystem development and favorable macro conditions. LAYER 1 networks like Sui continue drawing attention as infrastructure plays gain prominence in the digital asset space.