- Sui’s price fell 6% in the last 24 hours as altcoins extended losses.
- Bitcoin’s downtrend means Sui could face further declines.
- A technical breakdown could threaten the $1 support level.
Sui’s price remains in the red after a 6% drop that has bulls fighting to keep bears away from the $1.40 support area.
At the time of writing, SUI is trading around $1.47, down as cryptocurrencies face renewed selling pressure amid a broader market correction.
Aster and Telcoin are among the biggest losers in the past 24 hours.
SUI shows bearish bias amid crypto dump
The Sui token fell 6% over the last 24 hours and is more than 24% below its monthly peak, when it approached $1.77 in early December.
As with other altcoins, the decline coincided with falling open interest in derivatives markets and a rise in liquidations.
That trend indicates waning confidence among leveraged positions, increasing the likelihood that the recent rally will turn into an extended correction.
For SUI, bulls have struggled since their advances were rejected around $4.45 in July 2025.
With Bitcoin trading in a downtrend near $86,500 after retreating from recent highs, altcoins including Sui have experienced cascading losses.
This broader market sell-off has amplified downward pressure on most layer-1 tokens, despite growing institutional interest in ETFs, tokenization and digital-asset treasury initiatives.
CoinGecko identified Solana as the blockchain with the largest share of market traffic year-to-date.
However, as the platform data below shows, Base, Ethereum and Sui follow closely, ahead of BNB Chain, XRP Ledger and Sonic.
Sui price outlook
Technical indicators currently point to increased downside risks, with the potential for a sharper drop that could accelerate selling pressure.
On the daily charts the Relative Strength Index (RSI) sits at 41. It is approaching oversold territory and suggests momentum could weaken further if buyers fail to defend current levels.
Meanwhile, the Moving Average Convergence Divergence (MACD) indicator is showing signs of an impending bearish crossover.
With the signal line likely to cross below the MACD line, this adds weight to near-term negative momentum.
If SUI fails to hold above $1.40, declines could target the $1.34 area and then $1.20.
A prolonged breakdown could expose bulls to deeper retracements toward $1.00.
On the upside, a recovery above $1.50 would cast doubt on the immediate bearish thesis.
In that scenario, the key resistance to watch would be around $2.00, with the 50-day exponential moving average at $1.87 representing the first hurdle.