The price of SUI cryptocurrency has fallen to $3.81 after a significant decline of 6%, following a wave of liquidations on major exchanges. Despite this, technical analysis indicates possible growth targets.
Price Drop Following Liquidations
Sui (SUI) traded at $3.81 after falling 6% in the last 24 hours with a turnover of $1.56 billion. This drop followed a wave of liquidations among leveraged positions on major exchanges.
Long positions worth $14.34K and shorts worth $119.18K were closed during the session. The largest portion of liquidations occurred on Binance, with $67.37K in short liquidations and $13.59K in long positions. OKX, Bybit, and Gate also recorded position closures, although in smaller amounts.
However, market charts from Ali Martinez show SUI breaking out of a long-term symmetrical triangle pattern. The breakout occurred above $3.57, which aligns with the 0.618 Fibonacci level acting as support.
DeFi Metrics Near Record Levels
The total value locked in Sui-based DeFi protocols is at $2.150 billion, down 4% in 24 hours, but close to its all-time high.
Data from DefiLlama shows a growth in TVL from around $500 million last year to over $2 billion this year. Gains accelerated from late April 2025 after crossing the $1.5 billion mark. The trend has remained upward despite short-term dips.
21Shares Adds New ETPs in Europe
21Shares has listed two new crypto exchange-traded products (ETPs) on the SIX Swiss Exchange. The 21Shares Sui Staking ETP (ASUI) offers staking exposure to SUI with built-in risk controls. The 21Shares XDC Network ETP (XDCN) provides direct pricing exposure to XDC.
These join the company’s existing products on Euronext Amsterdam and Paris, widening investor access to both assets across European markets.
Despite the recent price drop in SUI and the liquidation pressures, market conditions and technical analysis may suggest a price recovery within the coming weeks. The sustainable growth in DeFi may also provide support for the asset.
