SUI Pulls Back 4.9% as Market Takes Profit

SUI's price dropped by approximately 4.9% over the last 24 hours, but experts say this is just a normal pullback after a news-driven rally.

The drop follows a sharp jump in volume and a breakout above the $0.764 resistance zone, where SUI traded around $0.71-$0.78.

This kind of breakout typically invites profit-taking, especially when combined with short-term speculative inflows driven by ecosystem-fund headlines.

The $10 million AI and DeFi ecosystem fund announced by the Sui Foundation is a prime example of such a headline, which can drive short-term price swings but may not reflect long-term fundamentals.