- Sui Network saw explosive growth in users, stablecoin liquidity, and dApp revenue.
- Despite strong fundamentals, SUI price corrected from $4.00 to around $3.00.
- Technical indicators show bearish momentum, but bulls fight to defend the $2.80 support zone.
The numbers are rising, but the price refuses to move. That’s the paradox around Sui Network. Traders watch millions pour into the chain, yet the SUI token behaves like it’s stuck in traffic. Frustration grows. Confusion spreads. Sui’s ecosystem expands daily, but price charts flash warning signs. So, what’s going on? Why does such an active blockchain struggle to reflect momentum in its market value?
Activity Skyrockets While Price Wobbles
Sui Network continues to gain ground in the DeFi space. Since April, total user accounts jumped from 124 million to nearly 209 million by June. That’s not growth—it’s a stampede. This trend proves that users keep onboarding without pause. Adoption grows weekly without signs of slowing. The stablecoin numbers say even more. Sui holds over $1.13 billion in stablecoin market cap. That figure beats NEAR, Sei, Berachain, Polkadot, and Cardano combined.
This liquidity surge places Sui at the top tier of Layer 1s. It commands attention. Revenue from top dApps reflects rising demand. In just 24 hours, Bluefin, Momentum, Navi, Haedal, and Scallop generated $77,000 in combined revenue. Users aren’t just arriving—they’re spending, trading, and building. Sui’s DeFi playground now rivals Solana in both speed and depth. Despite strong growth, SUI pulled back from $4.00 to hover around $3.00.
Price Faces a Psychological Wall
Technical analysis reveal the battle playing out. SUI dropped to a major demand area between $2.80 and $3.00. Bulls cling to this level, hoping to avoid a deeper slide. Rejection at $4.00 earlier in May triggered a slow fall. Resistance at $3.50 now looms large like a locked door. MACD readings offer no comfort. The histogram stays in the red. The MACD line trails the signal line, showing bears still in control.
Still, higher lows remain intact. That means the structure hasn’t broken yet. Momentum may shift if $3.00 holds. Traders watch closely for bullish divergence on the MACD. If confirmed, that bounce could target $3.50 again. But one more failed attempt at $3.20 may open the path down to $2.50. The decision point lies close. Sui Network is walking like a giant but casts a small shadow in the market. For now.
The disconnect comes from doubt, not data. Many investors follow price—not activity. That mindset misses the forest for the trees. Momentum must shift. Confidence must return. Only then will price reflect Sui’s true weight. Until then, the chain keeps growing—quietly, powerfully, and patiently. The charts may ignore it today, but they can’t forever.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed