Family! Imagine one of the biggest wallets in the market turning off the lights on you overnight—people panic, the token plummets... and still the price bounces back like a warrior to break records? 💥 That’s exactly what happened today with Sui (SUI). After receiving news that Phantom removed its official support on September 24, it dropped fast to $0.94, then rebounded strongly to $0.99 (with a 3.25% surge right in the middle of the impact).
Here’s the key piece of information so nobody panics: if you used Phantom with Sui, your coins DID NOT disappear. They’re still intact on the blockchain. The only thing that changed is the entry point, and the same Sui Foundation is recommending migrating to wallets like Slush using your same recovery phrases. Zero losses—just an app change. 😉
Now, what’s truly interesting is what the market charts show. 📊 SUI has been displaying impressive strength since it was trading below $0.70, but right now it’s fighting a brutal psychological wall: the $1.00 barrier.
If buyers manage to break the dollar and consolidate above it, the next resistance targets are at $1.03 and $1.08. But watch out: the $0.94 zone became our vital support. If the price breaks down below that floor, we could see pullbacks toward $0.90 or even the $0.85 - $0.86 area.
When a network proves it can absorb the output of a giant like Phantom without collapsing and while keeping its trading volume high, it shows what its infrastructure is made of... but the big question is: will SUI have enough momentum to break the dollar and hold it, or will we see investors take massive profits before the top? 🤔💭
