The world of cryptocurrency continues to experience dynamic shifts, and the Sui token (SUI) has been no exception. Over the past 24 hours, SUI has seen a steep 6% drop, leaving the token trading around $1.47. This decline comes amidst a broader cryptocurrency market correction that has impacted major assets, including Bitcoin and Ethereum.
How the Market Correction Is Impacting Sui and Other Altcoins
Sui, like other altcoins, has been highly sensitive to Bitcoin’s downtrend. With Bitcoin hovering around $86,500 due to its retreat from recent highs, many layer-1 tokens such as Sui are experiencing bearish cascades. Institutional interest in cryptocurrency remains strong, with increased activity in ETFs, tokenization, and treasury inclusion for digital assets. However, this has not been enough to mitigate the current downturn the Sui token faces.
Analyzing Sui’s performance, the token is now over 24% below its monthly peak of $1.77. Its recent bearish pressure indicates that bulls have struggled to maintain pivotal support levels. In July 2025, Sui faced resistance around $4.45, marking a high from which it has steadily declined.
Technical Indicators Signal Further Challenges Ahead
The technical outlook for Sui suggests that more downside risks might be on the horizon. Currently, Sui’s Relative Strength Index (RSI) is at 41, signaling that the token is nearing oversold territory. This indicates weakening momentum, and unless buyers step in to defend key levels, the token could face even greater declines.
Additionally, the Moving Average Convergence Divergence (MACD) indicator is pointing toward a potential bearish crossover. If this occurs, it could further amplify sell-offs as short-term negative momentum strengthens. Key support levels to watch for Sui are $1.40, $1.34, followed by the critical $1 mark.
What Lies Ahead for the Sui Token?
The Sui token’s immediate future largely depends on whether bulls can reclaim key resistances. A recovery above $1.50 could invalidate the short-term bearish narrative, pointing towards a potential build-up to the $2 mark. However, such an uptrend would face resistance at key levels, including the 50-day Exponential Moving Average (EMA) at $1.87.
Discover Tools to Navigate the Crypto Market
For investors and traders looking to stay ahead of cryptocurrency trends, platforms like eToro offer popular tools to trade and monitor assets like Sui, Bitcoin, and Ethereum. With features such as copy trading and education resources, eToro can help traders make informed decisions in the volatile crypto market.
While Sui battles a bearish trend, staying informed and utilizing analytical tools can empower investors to navigate market challenges with confidence. Always exercise caution and diversify your investments to mitigate risks in this fast-paced sector.
