- Sui’s price fell 6% in the last 24 hours as altcoins extend losses.
- Bitcoin’s downtrend increases the risk that Sui will post further declines.
- A technical breakdown could threaten the $1 support level.
Sui’s price is trading in the red, with a 6% drop forcing bulls to defend the $1.40 support level from bears.
At the time of writing, SUI was changing hands around $1.47, retreating amid renewed selling pressure across the broader crypto market correction.
Aster and Telcoin were among the biggest losers over the past 24 hours.
SUI shows bearish bias during the crypto dump
The Sui token declined about 6% over the last day and sits more than 24% below its monthly high, after approaching $1.77 in early December.
Like many altcoins, this downturn coincided with falling open interest in derivatives markets and a rise in liquidations.
That pattern points to weakening conviction among leveraged positions, suggesting the current pullback could evolve into a longer-term correction.
Bulls have struggled to regain footing since their bids were rejected near $4.45 in July 2025.
With Bitcoin trading in a downtrend around $86,500 following a pullback from recent highs, altcoins including Sui have been caught in a bearish cascade.
The broader market sell-off intensified 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 market share at the start of the year.
Data from the platform show Base, Ethereum and Sui as other leading chains by interest, ahead of BNB Chain, XRP Ledger and Sonic.
Sui price outlook
Technical indicators currently point to elevated downside risk, with a potential breakdown likely to accelerate selling pressure.
On daily charts the Relative Strength Index (RSI) sits near 41, approaching oversold territory and implying momentum could weaken further unless buyers defend current levels.
Meanwhile, the Moving Average Convergence Divergence (MACD) indicator shows signs of an impending bearish crossover.
If the signal line crosses below the MACD line, that development would reinforce short-term negative momentum.
Should SUI fail to reclaim $1.40, bears could push the price toward $1.34 and then $1.20.
A deeper collapse would expose bulls to a larger retracement toward the $1.00 area.
On the upside, a recovery above $1.50 could negate the immediate bearish case.
In that scenario, resistance near $2.00 would become a key target, with the 50-day exponential moving average around $1.87 representing the first significant obstacle.