SUI Price Extends Correction Despite Robust Network Growth in Q3

• SUI price gives a major breakdown from the support trendline of a symmetrical triangle pattern, which has driven a prolonged sideways trend since November 2024.
• In mid-August, Grayscale launched two new single-asset trusts, Deep and Wal, adding to its existing SUI trust offering.
• Amid the current price correction, SUI buyers could recoup at the immediate support levels of $1.58 and $1.44.

On November 14th, the SUI price tumbled over 5.51% to reach its current trading value of $1.77 trading value. The pullback aligns with an extended correction in the broader crypto market and substantial liquidation in the majority of major assets. Despite the mounting selling pressure, the SUI network has recorded significant growth since last quarter and disclosed key developments to bolster its market utility. Will the fundamental support bolster the price to prevent further downtrend?

SUI Expands Institutional Footprint With New Trusts and Bank Integrations

SUI, the native cryptocurrency of the SUI blockchain, has witnessed a significant correction from the July 2025 high of $4.44 to the current trading value of $1.77, accounting for a 60% loss. Despite the price pullback, SUI’s ecosystem expanded its presence in the traditional financial space through targeted investment products and key partnerships.

During mid-August, the asset management firm Grayscale launched two single-asset trusts from the SUI blockchain: Deep (from DeepBook) and Wal (from Walrus). These products, available to accredited investors through private placements, are Grayscale’s first comprehensive stack on one chain, building off of its existing SUI trust that is used to funnel capital into Sui’s liquidity and data layers.

Swiss regulators Sygnum and AMINA Banks introduce services of SUI in July and August with custody, spot trading, derivatives, staking, and collateralized lending services under the FINMA rules. Sygnum’s off-balance sheet storage has protected client assets from insolvency dangers, and AMINA launched as the first global regulated SUI operations provider.

In July 2025, custody tech firm Fireblocks introduced full SUI integration, enabling institutions to securely custody SUI and ecosystem tokens using multi-party computation wallets, simplifying compliant onboarding for banks and funds. Retail exposure increased with SUI’s listing on Robinhood.

Nasdaq-listed SUI Group Holdings, formerly Mill City Ventures (ticker SUIG), crowned the quarter by raising $450 million in late July, with 98% of the proceeds going to buying 81 million SUI tokens at an average of $3.65. In early August, the firm expanded its holdings to more than 101 million tokens with a follow-on $500 million.  Staked for a 3% yield and backed by the Sui Foundation, this treasury provides public market SUI liquidity with a 45% surge in global institutional crypto allocations.

Technical rollouts hit mainnet in August, activating FIDO2 passkeys for biometric and multisig authentication, Seal’s threshold encryption for oracle and identity apps, and Ika Network’s MPC for seamless, bridgeless transfers across Bitcoin, Ethereum, and Solana. Protocols such as Native and Rhei Finance piloted these for the BTC liquidity pool and multichain yields.

On-chain indicators took a steady increase. Average daily DEX volume reached $456 million, up 24% from Q2 and an all-time high, with Cetus capturing $170.7 million and Momentum with $91.2 million amid $7.89 billion in DeepBook V3 trades. 

Circulating SUI capitalization grew 23.3% to $11.63 billion, outpacing the crypto market’s increase of 20.7%. DeFi TVL increased 19.9% to $2.11 billion, thanks to Momentum’s 147% TVL increase to $277.5 million and Cetus’s $82.8 million. 

SUI Price Gives Up On Year-Long Support 

With today’s drop of over 7%, the SUI price gives a decisive breakdown below the support trendline of a well-known technical pattern called a triangle. Since November 2024, the coin price has resonated within the pattern’s two converging trendlines, driving the long-term sideways trend in the market.

As buyers lose the pattern’s bottom trendline, the seller could strengthen their grip over the asset to drive a prolonged correction. Amid this technical breakdown and broader market correction, the SUI price could extend its downtrend another 8% to hit $1.58, followed by a retest to $1.44.

Thus, the short-term outlook for SUI price seems bearish despite the recent development in the last quarter, which could drive a slow yet steady uptrend in the long term.