SUI Holds Firm Above $3.50 Despite Security Incident - Technicals Signal Potential Rebound

SUI is currently trading at $3.56, showing a slight decline of 0.90% following negative market sentiment triggered by a $2.4 million exploit on the Nemo yield protocol on September 8. This security breach has pushed prices below the key $3.65 resistance level.

Offsetting the downward pressure, sui Group Holdings has significantly strengthened its treasury reserves by adding 20 million tokens, bringing the total to 101.79 million SUI. The upcoming NASDAQ listing demonstrates growing institutional confidence, while SuiFest 2025 in Singapore adds positive momentum for October.

Technical analysis presents mixed signals with a neutral RSI reading of 50.79, though a bullish MACD divergence suggests potential price recovery. Market participants are balancing security concerns against the project's strong fundamental developments.