SUI's price recently dropped below the $2 threshold, experiencing a 2.66% decline over the past 24 hours. It is currently trading at $1.92 with a market cap of $5.30 billion.
The current market conditions have led to uncertainty about whether SUI will face further corrections or if it can rally back above $2.
Strong network activity may play a crucial role in determining whether the SUI can reverse its losses and possibly exceed the $3 mark.
