SUI cryptocurrency fell to about $0.72, nearing the lower band of its Gaussian Channel, a technical support level that traders watch for potential price rebounds. This drop places SUI roughly 86% below its all-time high of $5.35 from January 2025. Despite the price decline, institutional interest in the Sui network remains strong, highlighted by Abu Dhabi's Mubadala Capital tokenizing a $75 million private markets fund across multiple blockchains including Sui, Solana, and Base. The key test now is whether SUI can hold this support zone with enough trading volume to trigger a price recovery, or if it will fall further.
SUI token's recovery is pressured by ongoing token unlocks, with 13.72 million tokens worth $9.76 million set to unlock on August 1, adding to recent releases. Despite increased supply, the price is consolidating around $0.70 support, showing no pani...
Sui (SUI) experienced a 5% price drop in 24 hours despite Coinbase enabling direct staking with rewards credited to users. This unexpected sell-off came amid a broader crypto market downturn, with Bitcoin and Ethereum also down slightly. Technical an...
Bitcoin remained steady just below $65,000 while the broader crypto market showed gains even as Brent crude oil surged to $97.66, its highest since May, driven by ongoing Iran conflict concerns. This resilience contrasts with past oil price spikes th...
Coinbase has introduced staking for the SUI token, allowing users to earn estimated annual rewards between 1.4% and 3.3% with a minimum of one token. Rewards are distributed daily and automatically compounded, but availability depends on the user's l...
