Sui Price Prediction: 15% Drop Likely Despite Partnership with Tether
By Alejandro Arrieche | Published: Aug 18, 2026
Key Points
- Sui’s trading volumes surged by 140% in the last 24 hours after breaking a key support level.
- On-chain data shows that network usage remains low despite a recent partnership with Tether.
- Market conditions are unfavorable for altcoins, suggesting a potential 15% drop for SUI.
Current Market Overview
Sui (SUI) has experienced a nearly 6% decline over the past week, positioning it as one of the poorest performers among the top 20 cryptocurrencies. The token has lost 53% of its value this year, reflecting the ongoing bear market's impact on altcoins.
In the last 24 hours, trading volumes for SUI increased significantly to $230 million, representing 9% of its circulating market cap, indicating rising selling pressure.
Network Performance and Challenges
Despite its technical capabilities, Sui struggles to attract developers to create decentralized applications (dApps) with practical use cases. The network's validator count stands at 128, which is considerably lower than competitors like Solana and Ethereum, raising concerns about decentralization and security.
On-chain metrics reveal a downward trend in decentralized exchange (DEX) volumes, plummeting from $22 billion in October 2025 to just $886 million recently. This decline suggests a projected total of $670 million for August, marking a 24% decrease from July.
Recent Developments
Application fees on the Sui network have dropped below $700,000 for the first time since July 2024, making it less appealing for developers. Although fees have recently surpassed $1 million following a partnership with Hadron, Tether’s tokenization platform, this development has not significantly impacted SUI's market performance.
Technical Analysis
Technical analysis indicates that SUI has broken a crucial support level at $0.65, which could lead to a further decline. The token is forming a bearish descending price channel, and current trading volumes confirm this trend. A potential drop to $0.55 is anticipated, as bearish momentum accelerates, with the Relative Strength Index (RSI) signaling a sell upon crossing below 40.