#DanielNadem

The Sui token is seeing muted price action this Christmas Eve, trading around $1.41 with a slight downtick of nearly two percent. This move mirrors the broader market's cooling period as Bitcoin has pulled back from its ninety-thousand-dollar highs. Technically, SUI has been stuck in a narrow consolidation range for most of December, struggling to break through the psychological ceiling at $1.50.

Liquidity remains thin during the holiday season, and the futures market reflects this caution, with open interest hovering around six hundred ninety-four million dollars. On-chain data tells a similar story of stability, as the Total Value Locked (TVL) on the network has wavered sideways near nine hundred million dollars since late November. While the long-term outlook remains interesting with recent spot ETF filings from Bitwise and Canary Capital, the current trend suggests that traders are staying on the sidelines until a clearer breakout direction emerges.