SUI price bottomed at $0.9303 this morning, down over 3%, after a $3.5 million exploit on Volo Protocol yesterday, a liquid staking platform operating within the Sui ecosystem, prompting traders to go defensive.
The move came amid broader altcoin weakness, with the CMC Altcoin Season Index dropping 5.71% to 33, while Bitcoin dominance climbed to 60.07%. Sui coin enters Thursday’s session at $0.9426, still inside the accumulation range it has held for the better part of three months.
Volo Exploit Strikes as Sui TVL Crossed $1.2 Billion
The Volo Protocol breach on April 22 drained approximately $3.5 million across three vaults. The team moved quickly to freeze the affected positions and committed to absorbing losses internally, but the timing made the damage harder to contain.
Sui’s DeFi total value locked had just crossed $1.2 billion, a network milestone that now carries an asterisk. Traders responded with measured risk reduction rather than a full exit.
Volume on Sui coin fell 12.69% to $356.3 million across the session, a pullback in participation rather than a capitulation event.
SUI Price Prediction: Analysts Mark $1.10, Then $1.75
Michaël van de Poppe noted on April 21 that the SUI price had been cleanly holding the 21-day moving average as support through an extended sideways period, capped in a range between $0.80 and $1.10.
His broader macro framework positions altcoins as lagging beneficiaries of a cross-asset rotation: gold volatility compresses, VIX fades, Nasdaq recovers, Bitcoin follows with a one-to-three-week delay, and altcoins trail Bitcoin by another one to two weeks.
If that sequencing plays out with Bitcoin price holding current levels, van de Poppe sees SUI coin testing $1.10 resistance, with $1.75 as a realistic extension target.
Chartist James, writing on April 22, pointed to the same three-month consolidation but framed it differently, that the range itself is the signal. His read is that given the volume of FUD, macro uncertainty, and war headlines absorbed during this period, the failure of the SUI price to break lower is structurally bullish.
He described the relative stability since February as unusual and meaningful, particularly against a backdrop where many comparable assets moved into freefall.
The SUI price prediction from both analysts depends on Bitcoin’s behavior from here. The 24h range of $0.9303 to $0.9752 underscores the tight consolidation. SUI coin is trading 82.53% below its all-time high of $5.35 set in January 2025, and until the Volo security narrative clears, rallies toward $1.10 are likely to meet sellers.
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