- Sui price has dropped 6% in the past 24 hours as altcoins extend losses.
- Bitcoin’s downtrend means Sui could see new losses.
- A technical breakdown might bring the $1 support level into play.
Sui price hovers in the red as a 6% dip sees bulls battle to keep bears off the $1.40 support level.
At the time of writing, SUI changed hands at around $1.47, down as cryptocurrencies witnessed fresh sell-off pressure amid a broader market correction.
Aster and Telcoin are among the top losers in the past 24 hours.
SUI shows bearish bias amid crypto dump
The Sui token has declined 6% over the past 24 hours and sits more than 24% below its monthly peak, when it approached $1.77 in early December.
As with other altcoins, the downturn has coincided with a drop in open interest across derivatives markets and a rise in liquidations.
It’s indicative of waning confidence among leveraged positions, which makes the current pullback likely to morph into a prolonged correction.
For SUI, bulls have struggled since their advances were rejected around $4.45 in July 2025.
As Bitcoin trades in a downtrend around the $86,500 following its retreat from recent highs, altcoins, including Sui, have suffered a bearish cascade.
This broader market sell-off has amplified downside pressure on most layer-1 tokens, despite increased institutional interest across ETFs, tokenization and digital asset treasury initiatives.
CoinGecko has outlined Solana as the blockchain with the most market traffic share year-to-date.
However, as the platform’s data below shows, Base, Ethereum and Sui are the next top chains, ahead of BNB Chain, XRP Ledger, and Sonic.
Sui price forecast
Technical indicators currently point to heightened downside risks, with a potential breakdown threatening to accelerate selling pressure.
On daily charts, the Relative Strength Index (RSI) sits at 41. It’s approaching oversold territory and suggests momentum could weaken further if buyers fail to defend current levels.
Meanwhile, the Moving Average Convergence Divergence (MACD) indicator shows signs of an impending bearish crossover.
With the signal line likely to cross below the MACD line, this indicator reinforces a short-term negative momentum.
If SUI price fails to bounce above $1.40, bears could target $1.34 area and then $1.20.
A sustained breakdown might expose bulls to deeper retracements toward $1.
On the upside, a recovery above $1.50 could invalidate the immediate bearish thesis.
In this case, the key target will be resistance near $2.00. The 50-day exponential moving average at $1.87 provides the first hurdle.
The post SUI price forecast as bulls risk bearish flip below $1.40 appeared first on CoinJournal.
