The cryptocurrency market has experienced significant turbulence recently, and SUI, the native token of the Sui Network, has been no exception. With its price sliding below $1.10, SUI continues to capture the attention of investors as new opportunities for recovery emerge. One such pivotal development is the listing of SUI on Hong Kong’s largest licensed cryptocurrency platform, HashKey Exchange.
SUI Performance Amid Market Downturn
The SUI token has struggled under bearish market conditions, tracking the broader decline across cryptocurrencies. As of February 3, 2026, SUI was trading at approximately $1.13, down 12% over the past week due to uncertainty in the macroeconomic landscape and profit-taking after earlier rallies. Notably, this decline mirrors similar trends across major tokens like Solana, which hit a 10-month low.
The Key Catalyst for SUI: HashKey Exchange Listing
Despite its challenges, SUI is poised for a potential rebound, thanks to a favorable listing on HashKey Exchange. As announced, SUI/USD trading will become available to professional investors on February 4, 2026. Currently, deposits and withdrawals are already live on the platform, giving traders the ability to prepare for significant market traction.
The listing aligns with HashKey Exchange’s efforts to provide secure and institutional-grade access to digital assets. Operating under Hong Kong’s stringent Virtual Asset Service Provider framework, the exchange is expected to improve liquidity for SUI across the region. Historically, similar listings on top exchanges have bolstered trading volumes and visibility for altcoins, fueling institutional and retail interest alike.
Technical Outlook: Is SUI Oversold?
From a technical perspective, SUI exhibits signs of being oversold as its relative strength index has dipped into bearish territory. Analysts suggest that if buying activity picks up, SUI could revisit key resistance levels in the $1.20 to $1.34 range. However, if bearish momentum persists, its price might face further declines, possibly dropping below the $1.00 psychological level.
Why This Matters for Investors
The listing on HashKey Exchange provides a crucial opportunity for SUI to regain investor confidence, particularly for those focused on high-throughput Layer-1 blockchains applicable in decentralized finance (DeFi) and Web3 applications. For long-term investors, this development marks a pivotal moment that could mitigate ongoing market volatility and offer new growth avenues.
Consideration for Wallet Compatibility
To trade or hold your SUI tokens securely, consider a reliable crypto wallet. For example, the Trezor Model T hardware wallet offers advanced security features and easy integration for managing your digital assets, including tokens like SUI. Always prioritize security when handling cryptocurrencies.
The coming days will be crucial for SUI. While Bitcoin and other macroeconomic factors may influence its trajectory, the HashKey listing could provide much-needed bullish sentiment for the token.
