- SUI price dropped 20% in 24 hours, crashing below $2 and hitting its lowest level since October 2024.
- Technical indicators like RSI and MFI show SUI is oversold, but bearish momentum and a descending channel suggest further downside.
- If selling continues, SUI could fall below $1, though a market rebound could push it back toward $2.34 or even $3.49.
So… that escalated fast.
Sui (SUI) just got hammered over the weekend, dropping a brutal 20% in under 24 hours. The whole crypto market’s basically bleeding, and SUI? It’s one of the hardest hit. Some folks are already calling this a new Black Monday, and yeah — it’s starting to feel like a flashback to the ‘87 stock crash, minus the shoulder pads and pagers.
SUI’s Price Falls Off a Cliff
Let’s get straight to it. SUI’s trading at $1.76 right now — and that’s its lowest level since, what, October 2024? Not great. Just a few days ago it was at $2.20, hanging on. Now it’s free-falling.
Why? Panic selling. Charts flashing red. People bailing left and right.
And it’s not just SUI. Bitcoin fell under $75K, knocking nearly $200 billion off the global crypto market cap. You could almost hear the liquidity draining out of everything.
Oversold… But Not Rebounding (Yet)
Here’s where it gets messy:
- The RSI (Relative Strength Index) is under 30 — technically oversold.
- The MFI (Money Flow Index) is screaming the same thing — oversold.
Normally? That’d be bullish. Like hey, price is too low, maybe we get a bounce. But this time? Not looking so hot.
Why? Because the setup’s broken. SUI’s stuck inside a descending channel, sliding since its all-time high in January. And unless something flips fast, that channel is leading straight to more downside.
The Bears Are Running This Show
Another stat that isn’t helping: the Bull Bear Power (BBP) just dipped into negative territory. Translation? The sellers have the upper hand — and buyers, well, they’re either scared or broke.
If that keeps up, SUI might dip below the next key support, and yep — we could be staring at sub-$1 SUI soon. Worst-case scenario? $0.45 is on the table if things get really ugly.
Is There Any Hope for a Rebound?
Sure — there’s always a chance. If the broader crypto market sees a sudden inflow of fresh money (like whales stepping in or a surprise Fed pivot, who knows), SUI could bounce.
In that case:
- First target: $2.34
- Next big goal (if things really rip): $3.49 — based on the 0.618 Fibonacci retracement level
But let’s be real. Right now, it’s not about upside dreams — it’s about survival.
Bottom line? SUI’s in the danger zone. The technicals are shaky, sentiment’s shot, and unless something big shifts fast, this altcoin might keep sliding. Strap in.
