SUI Breaks Key Support: Eyes Now on Crucial $3.78 Level

Yigit Taha OZTURK — Fri, 23 May 2025 14:30:22 +0000

In recent analysis, we warned that a break below $4.01 in SUI could trigger a drop toward $3.83. That scenario played out swiftly, with the price even dipping below the target to reach $3.78. Now, market attention shifts to whether this level can hold the line.

Why $3.78 Is the Key Level Right Now

The $3.78 support is now acting as a potential pivot point. A successful defense here could lead to renewed upward momentum for SUI. However, if bears continue to dominate and push the price lower, another leg down may follow.

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Analysts warn that a loss of the $3.78 level may result in a further decline toward $3.21, posing nearly a 15% downside risk.

Traders Advised to Stay Alert

With volatility still elevated, maintaining proper risk management is essential. SUI has shown sensitivity to both news and technical levels in recent sessions, reinforcing the need for cautious positioning.

Traders should closely monitor the $3.78 and $3.21 zones as they could define the short-term direction of this altcoin.

SUI/USDT pair 4-hour chart.

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The post SUI Breaks Key Support: Eyes Now on Crucial $3.78 Level appeared first on Coin Engineer.

Shock in the SUI Ecosystem: Alleged Vulnerability in Cetus Protocol Smart Contracts

Yigit Taha OZTURK — Thu, 22 May 2025 11:17:48 +0000

The crypto world has once again been rattled by a security scare. This time, the focus is on Cetus Protocol, a decentralized exchange protocol operating within the SUI ecosystem. According to circulating claims on social media, there is a critical vulnerability (exploit) in the protocol’s smart contracts. So far, the project team has not released an official statement. However, the rapid spread of the allegations has created a wave of panic across the markets.

Following several technical analyses and on-chain data reports shared on X (formerly Twitter), investor concerns have grown. Independent analysts have pointed to unusual transaction patterns traced to specific wallet addresses, raising suspicions of a potential exploit being underway.

Sharp Price Decline in SUI and CETUS Tokens

After the news spread through social platforms, $SUI dropped by 3.8%, showing a swift negative response. The most significant impact, however, was seen in CETUS, the token at the heart of the incident. Cetus coin plummeted by approximately 40% within the same period, triggering alarm among holders.

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This downturn has dealt a blow not only to investor confidence in Cetus, but also to the overall reputation of the SUI network. Trading volumes surged as some investors scrambled to exit positions and shift funds to alternative protocols in an effort to minimize losses.

Official Statement Pending, All Eyes on Cetus Team

All attention is now on the Cetus Protocol team and their pending response. If the alleged exploit is confirmed, it will mark a serious reputational test not just for Cetus but for the broader SUI ecosystem. It may also prompt a renewed focus on smart contract security across other DeFi projects.