SUI, the native cryptocurrency of the SUI network, recorded an insignificant loss of 0.68% to reach $0.86 trading value. The cryptocurrency market often experiences lower liquidity and volume on weekends as institutional traders are mostly offline. Amid this uncertainty, the SUI price faces a risk of prolonged correction as derivative market and on-chain data shows weak conviction from investors.
SUI Price Lacks Momentum After Key Network Improvements
The layer-1 network Sui had a sequence of technical and integration upgrades last week, and the token traded in a small range around $0.87.
A scheduled unlock on April 1 released approximately 43 million SUI tokens, equivalent to roughly $37 million at prevailing prices. This introduced a new supply equivalent of approximately 1.1 percent of the circulating tokens as spelled out in the project vesting schedule.
About the same period, the mainnet was upgraded to 1.68.1, and the protocol itself went to version 118. The release enabled address aliases to streamline wallet and contract interactions, enhanced security around system metadata, and a bug that might crash full nodes when simulating malformed transactions with invalid withdrawals.
On the integration front, derivatives platform Margex started accepting SUI as deposit and margin position collateral. Walmart-supported OnePay has included the token in its expanding portfolio of payment and transfer supported assets. On April 2, Sui announced its partnership with Erebor Bank, a new chartered U.S. national bank specializing in digital asset infrastructure. This connection enables regulated banking clients to deposit and withdraw stablecoins on and off Sui to deposit, withdraw, and use stablecoins.
There was a weak conviction in the price action of the tokens which swung around the level of 0.87 with equal but dampened trading interest. The sum of money locked in DeFi protocols in Sui remained around $550 million, and it did not vary significantly since the beginning of February after experiencing a significant drop following the peak of 2.6 billion in October of 2025.
A flat TVL during a period of sideways price action indicates a lack of fresh liquidity entering the ecosystem, often a sign that investors are waiting for new technical catalysts or stronger ecosystem-wide updates.
The lack of growth in TVL coupled with sideways price action is indicative of new capital flows being limited and participants may be waiting until they see more technical or ecosystem-based catalysts.
SUI Buyers Seeks Support at Range Bottom
Over the past two months, the SUI price has traded sideways, resonating within the two horizontal levels of $1.08 and $0.82. The consolidation aligns broader market uncertainty amid the escalating geopolitical tension in the middle east.
Currently, the coin price seeks support at the aforementioned bottom floor of $0.82. The momentum indicator RSI surged to 41% suggests the rising bullish moment at the support trendline.
If buyers continue to defend this support, the SUI price could rise 24% with renewed recovery and challenge the upper ceiling at $1.08. A potential breakout from this resistance would bolster buyers to drive a sustainable recovery above $1.
SUI/USDT -1d Chart
On the contrary, if the sellers force breakdown below the $0.82 floor the supply pressure will intensify and push SUI price to $0.7 floor.
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