Cryptocurrency Market Update: Blockchains Sui and Chainlink Face Challenges

Sui and Chainlink are two established Layer-1 blockchain networks that have been experiencing some challenges in the market.

Sui's price has fallen from its 200-day moving average of $1.85 to around $0.85, with technical signals indicating a bearish trend in April 2026.

Chainlink is trading at around $8.81, below key exponential moving averages and close to resistance at the $9 level.

Both Sui and Chainlink have ongoing development work, including the expansion of CCIP and institutional usage for cross-chain services.