Altcoins News
By Evie Vavasseur
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The price of SUI, the native token of the Sui blockchain, is facing renewed pressure after a steep 7% drop over the past 24 hours. As of May 15, 2025, SUI is trading at $3.
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The immediate concern is SUI’s drop below a key liquidation zone around $3.93, a level that has historically seen heavy long positions.
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This liquidation event has acted much like a magnet, pulling SUI further down and accelerating the sell-off.
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At present, SUI is sitting just above a critical support zone between $3.73 and $3.85. This range will likely determine the token’s immediate direction.
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Despite the current pullback, there are still several bullish factors in play. The fundamentals surrounding the Sui ecosystem remain strong.
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One of the most anticipated upcoming events is the Great Sui Odyssey, set to introduce on May 17.
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Looking at key technical levels, the next immediate resistance is seen at $4.02. However, a confirmed daily close above $4.
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For short-term traders, the current scenario requires cautious positioning. With high liquidation activity and reduced volume, the market could swing in either direction.
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In summary, SUI’s recent price dip is testing a crucial inflection point. Whether this move is just a temporary pullback or the start of a larger correction will depend on how…
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