Sui Price Reaches Five-Day Low as Bears Dominate Market

Sui (SUI) continues to trade near $1.07 after a significant daily slide of 3.69%. Despite underperforming the broader crypto market, which dropped by 5.90% over the same period, SUI's price action remains bearish.

The token has also lost 2.06% against Bitcoin (BTC) on the day. A five-day model projects a drop to $0.81, a decline of 22.81% from current levels.

Sentiment readings remain cautious, with the crypto Fear & Greed Index sitting at 31 and 23 out of 29 tracked indicators flashing bearish signals.

The token's on-chain activity has held up better than its price, with total value locked on the Sui network increasing to around $653 million.