Sui Token Price Slips After Failing Key Support Zone Amid Phantom Wallet Exit

The Sui [SUI] token's price action was bullish just over a week ago when it rose 45% in under three days to almost reach the $1 round-number resistance.

However, selling pressure over the weekend changed this outlook and buyers were unable to defend the key support zone at $0.80.

This failure to hold onto the support was a sign that sentiment toward SUI could be shifting.

Phantom wallet has planned to end its support for the Sui Network by September 24, which likely impacted market sentiment as well.