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Sui token drops 5% despite Coinbase staking launch, trading in tight $0.70-$0.77 range.

Technical Signals
24 Jul 2026
AMBCrypto
View Source
Neutral
Sui token drops 5% despite Coinbase staking launch, trading in tight $0.70-$0.77 range.

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 analysis shows SUI holding support around $0.66 but facing resistance near $0.82, suggesting traders watch for a breakout or breakdown. The token is currently trading within a narrow $0.70-$0.77 range, offering potential short-term trading opportunities while the market decides its next move.

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SUI token drops 4.49% in one hour with $2.54M long liquidations on major exchanges

SUI token drops 4.49% in one hour with $2.54M long liquidations on major exchanges

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