SUI price drops 10% after a strong rally, traders eye key support levels.

SUI cryptocurrency fell nearly 10% after a strong weekly rally that saw it gain almost 40%. The price peaked at $1.42 before sellers took profits, influenced by SUI Group Holdings expanding its treasury and staking most tokens, plus CME Group announcing SUI futures launch on May 29. Despite the pullback, network activity and adoption continue to grow, with total value locked rising above $650 million and trading volume surging. The decline is seen as a healthy cooldown amid broader market weakness, with future price direction depending on continued network growth and institutional interest.