Sui (SUI) price has dropped to under $0.90 as sellers strengthen following a breach of the critical $1.00 level.
This comes amid escalating bearish momentum across cryptocurrency markets, and a further crash could plunge the altcoin to lows of $0.70.
Sui (SUI) has declined about 5% over the past 24 hours and is down more than 16% over the past week.
The token has struggled to gain momentum despite Stripe’s subsidiary, Stablecoin, launching the Sui Dollar ($USDsui) on the Sui blockchain.
The price weakness comes in line with a broader market downturn that has weighed on Bitcoin and the wider crypto market in recent months.
Market weakness sends Sui below $0.90
As noted, most altcoins have extended recent weakness as prices slip below key support levels, a trend reflected in Sui (SUI).
The token has come under pressure alongside Bitcoin, which retreated toward $68,000 on Monday, triggering signs of capitulation among buyers.
Broader market dynamics have compounded the downturn in 2026.
Comments from Jerome Powell, pointing to persistent inflation, have reinforced a risk-off environment.
At the same time, concerns over energy market disruptions linked to the Iran conflict have added to bearish sentiment.
The uncertainty, combined with weak technical momentum, has led to long liquidations outpacing shorts, while funding rates have turned sharply negative.
In the absence of fresh catalysts, SUI risks extending its decline toward multi-month lows.
What’s next for bulls?
SUI reached an all-time high of $5.35 in January 2025 but has trended steadily lower since then.
The token is currently down about 83% from that peak, reflecting sustained bearish pressure.
From a technical perspective, SUI has slipped below its 20-day exponential moving average after facing rejection at the 50-day EMA.
These indicators now act as key resistance levels around $0.95 and $1.03.
Momentum indicators also point to continued weakness.
The relative strength index (RSI) stands near 40, suggesting the token is approaching oversold territory, while the moving average convergence divergence (MACD) signals ongoing selling pressure.
For bullish investors looking at a potential rebound in Sui (SUI), the near-term path depends on reclaiming the $0.90 level and testing resistance around $0.93–$0.95.
A sustained move above this former consolidation zone could provide short-term relief.
If the token manages to hold and flip this area into support, analysts see scope for a move toward $1.10–$1.27, which aligns with the upper boundary of the range near the 100-day EMA.
In more optimistic scenarios, further recovery toward $1.56–$2.33 could follow.
However, the near-term outlook remains cautious.
The Money Flow Index points to continued downward pressure, and broader market conditions remain a key factor.
Stability in Bitcoin, along with improvements in on-chain metrics such as active addresses and whale activity, would likely be needed to support a stronger recovery.
On the downside, a deeper correction could see SUI fall toward $0.70, with additional support zones at $0.57 and $0.45.
If selling pressure intensifies further, the token could approach its all-time low of $0.36, recorded in October 2023.
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