The price of SUI was declining toward a major supp

• SUI has a higher stablecoin market cap than NEAR, Sei, Berachain, Polkadot and Cardano combined.
• The price action failed to break and stay above $3.50.

Sui Network [SUI] has been among the best performers for altcoins, since its surge that started in late 2023 which has extended to 2025.

However, its price growth this year has not been robust as before, but its chain activity has maintained outperformance.

This could be attributed to its fast processing speeds and growing DeFi activities that are challenging Solana and other major L1 blockchains.