Sui Price Prediction: 15% Drop Likely Despite Partnership with Tether

Sui (SUI) has dived by nearly 6% in the past 7 days and is currently one of the worst-performing tokens in the top 20 as its ecosystem has shrunk dramatically during this bear market.

Trading volumes in the past 24 hours alone have jumped by 140% to $230 million and currently account for 9% of the asset’s circulating market cap, as the selling pressure seems to be rapidly increasing.

This year alone, SUI has shed 53% of its value as market conditions continue to be unfavorable for cryptocurrencies.

Altcoins in particular have been heavily battered. In Sui’s case, the network continues to struggle to demonstrate that it can entice developers to launch decentralized apps with robust real-world use cases.

In addition, Wall Street has not shown a major interest in this network despite its technical strength. In theory, Sui can process a significantly higher volume of transactions per second compared to rivals like Solana and Ethereum.

However, with only 128 validators, Sui’s is way less decentralized compared to the latter. This is an underestimated feature that market participants and crypto-savvy investors tend to look for, as a higher validator count makes the network safer.

Sui App Fees Drop to Their Lowest Level Since July 2024

Turning to on-chain data, we can see that multiple Sui metrics are pointing to weaker network usage. DEX volumes, for example, have been on a downtrend for months, dropping from a peak of $22 billion back in October 2025 to just $886 million as of last month.

In August, a simple run rate gives us a projected total of $670 million for this metric, meaning a 24% decline compared to July.

Meanwhile, application fees dropped below $700,000 for the first time since July 2024. This is one of the things that makes building on Sui so unattractive to developers at the time, as low network usage results in low revenues for these projects and makes them unsustainable from a financial standpoint.

That said, app fees have picked up a bit this month, once again surpassing the $1 million mark during the first half of August, after Sui partnered with Hadron — Tether’s proprietary tokenization platform. This project now supports trading and asset transfers through the Sui blockchain.

Following this launch, stablecoin reserves on the Sui blockchain jumped from $330 million to $470 million. Despite this jump, this project-specific development does not seem to be relevant enough to jumpstart a rally for the SUI token in the near term.

SUI Eyes Drop to $0.55 After a Bearish Pattern is Confirmed

Looking at the daily chart, SUI has broken a key support at $0.65 that could set the stage for a strong drop.

The token had been forming a bearish descending price channel, and today’s strong volumes seem to confirm the pattern’s relevance to market participants.

A 15% drop could be on the table as the next area of support for SUI sits at $0.55. Moreover, bearish momentum is accelerating as well, as the Relative Strength Index (RSI) just sent a sell signal upon crossing below 40.

As market conditions remain unfavorable, SUI may continue to head downwards at a point when its ecosystem has little to show for in terms of growth, usage, and adoption.