Sui (SUI-USDT is below the 7-day moving average -> bearish, and is below the 30-day moving average -> bearish, with 1 week change of -19.8%) TVL earlier climbing to about $2.6 billion, highlighting renewed ecosystem traction has now dropped back below $1 billion.
The token dropped roughly 45 % during the last month as headwinds around investor sentiment and capital flows weighed on price.
A divergence between fundamentals (growing network usage) and market pricing (accelerated sell-off).
Investors appear to be grappling with the question of whether that growing TVL can sustain meaningful token value in the near term.
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