- Sui price fell as tariff tensions rattled global markets.
- The token plunged about 12% in the last 24 hours while Bitcoin slipped below $93,000.
- Uncertainties around tariffs and a broad risk-off sentiment threaten further downside for SUI.
The price of Sui plunged nearly 13% to lows of $1.55 amid a broader market downturn marked by a sizable capital flight from risk assets.
This sharp correction — amplified by Bitcoin’s drop from highs near $96,000 to below $93,000 and a renewed test of Ethereum at $3,200 — coincided with more than $680 million in long positions liquidated across the crypto market.
Many analysts point to rising geopolitical tensions tied to U.S. tariff threats on Europe related to Greenland as a key catalyst for the sudden risk aversion.
Sui price collapses amid Bitcoin weakness
Sui fell from $1.70 to a daily low of $1.54, slipping beneath its 50-day exponential moving average at $1.70. The altcoin entered oversold territory, with the RSI trading under 40.
Bearish pressure intensified as Bitcoin returned to the support area around $92,500. As seen in recent episodes, renewed downside in BTC has accelerated losses across altcoins.
With a higher beta, Sui suffered steep losses and more than 10 million SUI tokens flowed onto exchanges, signaling increased selling pressure.
From a technical perspective, failure to reclaim $1.65 raises the risk of a slide toward $1.40. A break of Sui’s support amid BTC deleveraging calls for heightened caution among bulls.
A recent six-hour network outage also dented community sentiment. Despite subsequent key updates, lingering concern suggests any recovery could be slow and uneven.
However, if Bitcoin stabilizes above $92,000 and reclaims important levels below $100,000, a rebound in altcoins could lift SUI toward the $2.00 area and spark gains over the coming days.
Sui price falls as tariff fears spook global markets
The rout among leading altcoins coincided with BTC and ETH retreating after U.S. President Trump threatened tariffs of 10% (rising to 25% by June) on imports from several European countries.
The proposed levies would target imports from Denmark, France, Germany, the Netherlands, Norway, Sweden, the United Kingdom and Finland. The move was described as retaliation over opposition to a U.S. acquisition of Greenland, prized for Arctic security value and rare-earth minerals.
European indices such as the DAX and CAC 40 fell more than 2% on Monday, while gold rallied and the U.S. dollar index climbed above 108, adding pressure on cryptocurrencies.
In response, the EU prepared countermeasures valued at €93 billion. With a potential trade war looming, many altcoins could face continued headwinds.
Although inflows to Bitcoin ETFs provide a modest support, miner capitulation as profitability weakens could prove damaging. That makes the $90,000 zone a critical threshold; further declines may trigger retail capitulation if prices fall below it.
Crypto trader BitGuru said the recent decline allowed Sui to move liquidity “into a key demand zone.” The next market response is pivotal because this price area has often acted as a base for subsequent upward moves.
After a strong impulse move, $SUI entered a long consolidation and has now swept liquidity into a key demand zone.$SUI Price reaction here is crucial, as this area often acts as a base for the next expansion leg. pic.twitter.com/gru36LWy96
— BitGuru 🔶 (@bitgu_ru) January 19, 2026