Sui's ability to hold the $0.80 support level currently hinges on whether ecosystem growth can offset the negative sentiment and reduced accessibility caused by Phantom wallet’s planned exit. While the token recently touched the $0.80 mark, it failed to establish a firm floor, leading analysts to question if the next breakout attempt will have the necessary liquidity and buyer demand to stick. The departure of a major wallet provider like Phantom represents a significant hurdle for user onboarding and cross-chain interaction, which are vital for maintaining upward price momentum.
Phantom, originally a Solana-focused wallet, had expanded to support Sui to capture the growing interest in the Move-based blockchain. However, the planned withdrawal of this support means that a large segment of the multi-chain user base may find it more difficult to interact with Sui-based decentralized applications (dApps). This transition forces users to migrate to native alternatives like Sui Wallet or Ethos, which could cause a temporary dip in active addresses and transaction volume, further complicating the token's recovery efforts.
From a market perspective, the $0.80 level has acted as both a magnet and a barrier. In recent weeks, SUI has demonstrated resilience by bouncing off local lows, yet it lacks the sustained buying pressure to turn $0.80 into a launchpad for higher valuations. The broader altcoin market's volatility adds another layer of difficulty, as investors remain cautious about assets facing ecosystem contractions, even if those contractions are limited to specific infrastructure providers.
Investors and traders should closely monitor the total value locked (TVL) within the Sui network and the adoption rates of native wallet solutions. If Sui can maintain its DeFi growth despite the Phantom exit, the $0.80 level may eventually be secured. However, if the transition leads to a prolonged drop in user activity, SUI could face a retest of lower support zones near $0.70. The coming weeks will be a litmus test for the network's independence from third-party multi-chain infrastructure.