SUI Plunges 14%: Panic Sell-Off or Market Correction?
- After a steep 14% drop, SUI is hovering around $1.84.
- Daily trading activity has soared by over 246%.
Donald Trump’s global tariffs has hit the crypto market, triggering a sharp decline of over 8.79%. Major assets have plunged into unforeseen territory — Bitcoin has slipped toward $77.1K, while Ethereum is trading around $1.4K. Particularly, SUI has dropped by over 14.30%.
SUI’s downside correction might step into critical support zones. The asset opened the day trading within the $2.15 range and the bulls has pushed the price down toward $1.74.
At the time of writing, SUI trades at around $1.84 with its daily trading volume reaching $1.5 billion. Moreover, SUI has witnessed a 24-hour liquidation of $17.27 million, as per Coinglass data .
Can SUI Shake Off the Bears?
The steady plunge of SUI could trigger the price to retest the support zones between $1.78 and $1.49. If the asset continues to follow the bearish path, the price might drop to unforeseen level, delaying a potential recovery.
If the asset ignites an upside correction, the price might immediately climb to the $1.88 resistance. If SUI could hold this level, the next resistance can be found at around $2 and the extended gains may confirm the uptrend .
Notably, SUI’s Moving Average Convergence Divergence (MACD) line and signal line have crossed below the zero line. This hints at a steady bearish momentum in the market and the crossover might push the price even lower.

The Chaikin Money Flow (CMF) indicator at -0.25 signals that the money is flowing out of the asset. If this continues in the negative zone, further downside is expected. Meanwhile, the daily trading volume of SUI has surged by 246%.
Besides, the daily relative strength index (RSI) settled at 32.04 indicates that the asset is approaching the oversold zone . SUI’s Bull Bear Power value at -0.4161 suggests the dominance of bears in the market.
Disclaimer: The opinion expressed in this article is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Highlighted Crypto News
XRP Sinks Over 16%, Will the Slide Continue Below $1?
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New York City plans to use AI to predict bad behavior in subway systems
Share link:In this post: The Metropolitan Transportation Authority (MTA) said it plans to use AI to detect potential problems on subway platforms. The Agency confirmed it won’t use facial recognition in surveillance. MTA added that the effort resulted from riders’ safety concerns following unprovoked subway system attacks.
US Treasury announces new Series I bond rate of 3.98% for May-October
Share link:In this post: The Treasury set the new Series I bond rate at 3.98% from May 1 to October 31, 2025. The rate includes a 2.86% variable portion and a 1.10% fixed rate, both updated by the Treasury. Bondholders’ interest rates shift based on when they bought the bonds, not when new rates are announced.

US economy shrank in first three months of the year as fears of tariff impact grow
Investors are still waiting for more concrete signs that the US is working on trade deals with other countries

Prosecutors push for 20-year sentence for ex-Celsius CEO

Trending news
MoreCrypto prices
More








