What is SUI price volatility and why is SUI down 3% in 24 hours

SUI Price at $1.30 with 3% Decline in 24 Hours Amid Market Volatility

SUI is currently trading near $1.30, reflecting the broader cryptocurrency market turbulence that has characterized recent trading sessions. The 3% decline in the last 24 hours represents a continuation of downward pressure, though this movement sits within a larger consolidation pattern that traders are closely monitoring. The accompanying 24-hour trading volume of approximately $846 million demonstrates sustained market participation despite the price decline, suggesting neither capitulation nor strong buying conviction at present levels.

Technical analysis reveals that current SUI price volatility stems from oversold conditions, with the token trading near the lower Bollinger Band—a classic indicator of potential reversal zones. The moving averages present a mixed picture: SUI remains significantly below key resistance levels at the SMA 7 ($1.31), SMA 20 ($1.52), and SMA 50 ($1.55), indicating that reclaiming these levels would be necessary for sustained recovery momentum. Market analysts have identified $1.26 as a critical support level, with the psychological $1.00 mark representing a secondary floor if downside pressure intensifies further.

Despite the current decline, technical conditions suggest potential for near-term recovery. Deeply oversold RSI readings historically precede technical bounces, and analyst forecasts project SUI could recover toward the $1.50-$1.85 range by February, contingent upon the cryptocurrency market stabilizing and broader risk sentiment improving.

Support and Resistance Levels: Identifying Key Technical Zones for SUI Trading

Understanding where SUI finds buying and selling pressure is essential for navigating its recent volatility. Traders closely monitor specific price zones that act as psychological and technical boundaries in SUI trading activity.

The $1.71 zone represents a critical decision point for SUI traders. When price respects this support level, technical analysts suggest potential for rebounds toward higher resistance areas. Conversely, breakdown below this zone could signal weakness extending toward $1.20–$1.25 support. Current price action near $1.13 reflects significant selling pressure that tested lower support boundaries.

Resistance levels provide equally important information. The $1.86 threshold acts as an intermediate barrier requiring sustained buying volume to overcome. Breaking above this unlocks the path toward $2.20, where substantial technical resistance emerges. Technical indicators including RSI positioning and moving average alignment help traders confirm whether price will respect these zones or penetrate them. Volume spikes accompanying price movement near support and resistance levels provide additional validation for traders executing SUI trading strategies on gate or other platforms.

Correlation Analysis: SUI's Performance Relative to BTC and ETH Market Movements

Understanding SUI's relationship with major cryptocurrencies reveals distinct market dynamics that explain the recent 3% decline. Analysis of 2024-2026 data shows SUI maintains minimal daily returns correlation with Bitcoin at 0.05, indicating the two assets move independently despite Bitcoin's dominant market influence. This weak linkage suggests SUI's price movements stem from protocol-specific developments rather than broad Bitcoin market sentiment. Conversely, SUI demonstrates stronger alignment with Ethereum, with 30-day rolling correlation patterns showing SUI's price trends closely track ETH performance. The 30-day rolling correlation between SUI and BTC remains consistently low throughout this period, reinforcing that traditional Bitcoin-driven market cycles have limited direct impact on SUI valuations.

Cumulatively, SUI has outperformed both Bitcoin and Ethereum from 2024 through early 2026, driven by institutional adoption and network scalability advantages. Notably, SUI exhibits substantially lower volatility compared to Ethereum's extreme price swings, positioning it as a more stable alternative despite market turbulence. During crypto market regime shifts in 2024-2026, SUI's contained volatility and institutional support through ETF filings have bolstered its resilience. While ETH experiences more pronounced drawdowns and recoveries, SUI maintains relatively steady consolidation patterns, reflecting its growing institutional backing and ecosystem development. This divergence from Bitcoin combined with measured correlation to Ethereum characterizes SUI's emerging role as an independent Layer 1 blockchain with unique market dynamics distinct from legacy cryptocurrencies.

FAQ

What are the main factors affecting SUI token price volatility?

SUI price volatility is primarily driven by market supply and demand, token release schedule, network adoption progress, investor sentiment, and macroeconomic conditions. When supply increases while demand remains stable, prices tend to decline.

What are the reasons for SUI's 3% decline in the past 24 hours?

SUI's 3% decline in the past 24 hours is primarily driven by profit-taking by market participants following recent price increases. Increased selling pressure from traders securing gains has contributed to the downward price movement.

How to analyze and predict SUI price volatility trends?

Analyze SUI price trends using technical charts to identify support and resistance levels. Apply technical indicators to historical trading patterns for predicting future price movements. Monitor trading volume and market sentiment for trend confirmation.

How is SUI's volatility compared to other Layer1 blockchain tokens?

SUI exhibits moderate volatility among Layer1 tokens, driven by market sentiment and technological developments. Institutional backing and strategic partnerships have enhanced its stability. Its innovative parallel processing technology strengthens scalability and market confidence.

How should you respond when SUI price drops? What risk management strategies are there?

When SUI price declines, consider dollar-cost averaging to reduce entry costs, set stop-loss orders to limit downside, diversify your portfolio across multiple assets, and maintain adequate liquidity reserves. Monitor market fundamentals and only invest capital you can afford to lose.

When is a good time to buy SUI?

SUI shows bullish momentum with predicted 2026 average price of $7.29 and strong long-term uptrend. Current market sentiment is positive with neutral RSI readings, making this an opportune moment for accumulation during price dips.