SUI is currently trading at $3.88 with a market capitalization of $12.36 billion, facing challenges below the pivotal support of $3.85.
TVL has increased by 70% to $2.06 billion, while the user count has risen by 35.24% to 190 million, improving the long-term prospects of SUI.
Heavy liquidation concentrations around $3.90-$3.95 have led to increased sell-offs in the market.
Analysts have varying perspectives on SUI's price movements, with some suggesting a bearish sentiment below $4 and others pointing out bullish indicators like higher highs, TVL growth, and user base expansion.