{"id":50303,"date":"2025-04-07T14:08:15","date_gmt":"2025-04-07T14:08:15","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/sui-risks-dip-below-1-as-stocks-crypto-plummet\/"},"modified":"2025-04-07T14:08:15","modified_gmt":"2025-04-07T14:08:15","slug":"sui-risks-dip-below-1-as-stocks-crypto-plummet","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/sui-risks-dip-below-1-as-stocks-crypto-plummet\/","title":{"rendered":"Sui risks dip below $1 as stocks, crypto plummet"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<ul>\n<li>Sui price has nosedived 15% in the past 24 hours to extend losses below $2.<\/li>\n<li>With crypto markets in turmoil, the altcoin risks falling under $1.<\/li>\n<li>SUI traded near $1.86 at the time of writing, with technical indicators signaling bearish strength.<\/li>\n<\/ul>\n<p>The cryptocurrency market has mirrored stocks in selling off these past few weeks, a scenario that sees Sui (SUI) risk fresh losses to under $1.<\/p>\n<p>As of writing, Sui&rsquo;s price has plunged to $1.86, marking a steep 15% decline in the last 24 hours, according to CoinMarketCap.<\/p>\n<p>This drop comes amid a broader market downturn.<\/p>\n<p>Bitcoin price shed gains to near $76k, with the total crypto market shedding 7.2% over the past 24 hours.<\/p>\n<p>However, Sui&rsquo;s 18% weekly decline, as per CoinGecko, signals it&rsquo;s underperforming compared to its peers, raising concerns about a potential slide below the critical $1 mark.<\/p>\n<h2>Sui price market outlook<\/h2>\n<p>Sui&rsquo;s trading volume has surged to $1.56 billion in the last 24 hours, indicating a 256% increase.<\/p>\n<p>In the current<a href=\"https:\/\/coinjournal.net\/news\/bitcoin-crashes-10-as-crypto-market-wipes-out-1-3-trillion-in-value-since-january\/\" rel=\"\"> market scenario<\/a>, this suggests panic selling.<\/p>\n<p>CoinGlass further highlights the bearish sentiment, with $10.2 million in long positions liquidated over the same period, as over-leveraged traders got caught off-guard.<\/p>\n<p>The long\/short ratio sits at 0.92, showing a slight bearish tilt, while open interest in Sui futures dropped 8.3% to $320 million, reflecting waning confidence.<\/p>\n<p>Meanwhile, negative funding rates of -0.015% on perpetual contracts underscore the dominance of short sellers in the market.<\/p>\n<h2>Sui technical indicators<\/h2>\n<p>The daily chart also paints a gloomy picture for SUI. Among technical indicators signaling bears are in control, the relative strength index (RSI) has dipped to 33.<\/p>\n<p>The MACD indicator also suggests bearish strength with the histogram showing rising weakness.<\/p>\n<p>This outlook suggests the SUI price could fall to $1.12 and then below the 100 cents level.<\/p>\n<p>If the psychological level fails to hold, the next demand reload one could be $0.72.<\/p>\n<p>However, if prices bounce, Sui could target a retest of $2.0.<\/p>\n<p>The immediate resistance level on the upside above this threshold could be $2,77.<\/p>\n<figure id=\"attachment_289803\" aria-describedby=\"caption-attachment-289803\" class=\"wp-caption alignnone\"><figcaption id=\"caption-attachment-289803\" class=\"wp-caption-text\">Sui price chart by <a href=\"https:\/\/www.tradingview.com\/symbols\/SUIUSD\/\" target=\"_blank\" rel=\"noopener\">TradingView<\/a><\/figcaption><\/figure>\n<p>Nonetheless, the main pressure is on bulls, who will need steady market recovery to keep recent gains.<\/p>\n<p>What this means is that Sui will likely mirror broader market dynamics, which currently aren&rsquo;t helping buyers.<\/p>\n<p>As Anthony Pompliano <a href=\"https:\/\/x.com\/APompliano\/status\/1909219841338138972\" target=\"_blank\" rel=\"noopener\">noted on X<\/a>, ongoing tariff negotiations and a &ldquo;shock and awe&rdquo; strategy are creating a chaotic, risk-off environment for speculative assets like cryptocurrencies.<\/p>\n<p>But there might also lie a buy-the-dip opportunity.<\/p>\n<p>The post <a href=\"https:\/\/coinjournal.net\/news\/sui-risks-dip-below-1-as-stocks-crypto-plummet\/\">Sui risks dip below $1 as stocks, crypto plummet<\/a> appeared first on <a href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n<p><a href=\"https:\/\/coinjournal.net\/news\/sui-risks-dip-below-1-as-stocks-crypto-plummet\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Sui price has nosedived 15% in the past 24 hours to extend losses below $2. With crypto markets in turmoil, the altcoin risks falling under $1. SUI traded near $1.86 at the time of writing, with technical indicators signaling bearish strength. [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":50304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/50303"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=50303"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/50303\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/50304"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=50303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=50303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=50303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}