Sui price forecast as bulls threaten to reverse below $1.40
Sui's price is down 6% in the last 24 hours as altcoins extend losses. Bitcoin's collapse means Sue could see fresh losses. A technical breakdown could bring the $1 support level into play.
A 6% dip hovers in the red as Sui price sees bulls fight to break away from the $1.40 support level.
At the time of writing, SUI has traded around $1.47 as cryptocurrencies see fresh selling pressure amid a broader market correction.
Aster and Telcoin are among the top losers in the last 24 hours.
SUI shows a bearish bias among crypto trading
The Sui token is down 6% in the past 24 hours and sits more than 24% below its monthly high, near $1.77 in early December.
As with other altcoins, the decline has been linked to a decrease in open demand and increased liquidity on all underlying markets.
It indicates that the confidence between the active positions is decreasing, which will cause the current pullback to turn into a long correction.
For SUI, bulls have struggled since their advance to July 2025 at $4.45 was rejected.
Altcoins, including Sui, have suffered losses as Bitcoin trades lower around $86,500 following a retreat from recent highs.
This broader market sell-off added downward pressure on most Tier-1 tokens, although institutional interest in ETFs, tokens and digital asset treasury initiatives increased.
CoinGecko described Solana as the blockchain with the most market traffic share year-over-year.
However, the platform data below shows that Base, Ethereum and Sui are the next top chains ahead of BNB Chain, XRP Ledger and Sonic.
Sui price prediction
Technical indicators are currently pointing to higher volatility, which could threaten to accelerate selling pressure.
On the daily charts, the Relative Strength Index (RSI) sits at 41. An oversold region is approaching 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.
As the signal line may cross below the MACD line, this indicator reinforces short-term negative pressure.
If the SUI price fails to break above $1.40, bears may target around $1.34 and then $1.20.
A sustained crash could expose bulls to $1 deep retracements.
On the downside, a recovery above $1.50 could invalidate the immediate bearish theory.
In this case, the key target will be the resistance near $2.00. The 50-day EMA presents the first hurdle at $1.87.
