SUI Grinds Against $4 Ceiling as $223M Cetus Exploit Rattles Market Nerves

Another day, another crypto hack—this time draining nine figures from Cetus Protocol while traders yawn at SUI’s stalled rally. The Layer 1 token can’t catch a break, pinned below psychological resistance as exploit fallout spreads.

Market watchers note the irony: decentralized networks keep getting hacked by old-fashioned code exploits, yet institutional investors still pretend this space has ’matured.’ Meanwhile, SUI bulls face their own reckoning—$4 isn’t just a number, it’s the line between breakout and breakdown.

Will the next headline bring a recovery rally or more nine-figure heists? In crypto, the house always wins... until it gets drained.

The 50-, 100-, and 200-day moving averages are all flashing buy signals, suggesting that if SUI can withstand the damage caused by the hack, it will continue to be in an overall upward trend. For now, SUI is stuck below the $4 resistance. Traders are watching closely to see whether it can break above or if the fallout from the Cetus hack will keep weighing on the market.