Sui plummeted 13% to $1.55. Can the key support hold?

Question

【Crypto World】Sui recently plummeted, with a nearly 13% drop in a single day, now hovering at $1.55. This decline actually reflects the overall crypto market — Bitcoin has already broken through $93,000, wiping out over $680 million in long positions.

The catalysts behind this are not hard to understand. The US’s threat of tariffs on Europe has caused widespread panic, with risk aversion spreading across the entire trading market. Traditional finance is also under pressure, and everyone is rushing to exit.

From the candlestick chart, Sui has already broken through a key technical support level. Analysts are watching the $1.65 line — if it cannot hold, the next target is likely around $1.40. It sounds very pessimistic, but there is another voice among traders. They believe this wave of selling is actually consolidating liquidity into key demand zones, and once Bitcoin regains stability, the foundation for a rebound will be laid. In other words, this could be the “most dangerous = most opportunity” moment.

FOMOrektGuy · Accepted Answer

13%? No big deal, I've seen crazier stuff.

1.65 can't hold? No problem, I've already cut my losses.

The tariff turmoil has caused the entire market to run, and this is when the bottom zone is really attractive.

Wait, can Bitcoin stabilize again? It feels like this isn't over yet.

To 1.40? Then I'll just wait to buy the dip, since I've already lost all my money.

GasWhisperer · Answer

ngl the mempool's gonna tell us everything before the technicals do... watching that 1.55 like it's a gwei pattern, might be the accumulation zone nobody's talking about

ResearchChadButBroke · Answer

1.55 this price level is really ruthless, it broke through directly

2. When the tariff risk is announced, the entire market is running. Is it still a good time to buy the dip or continue shorting?

3. Can 1.40 really hold? Feels like no one dares to guarantee it

4. Oh, it's that same excuse again, liquidity accumulation, rebound basis... I've heard it too many times

5. Sui is a bit unfortunate this time, just see if BTC can give face

6. Break 1.65 and head straight to 1.40? I bet this round still needs to try lower

7. To put it simply, right now it's just a bet on BTC, Sui is just following the trend

8. That liquidity accumulation story... why don't traders say they are bottom fishing?

9. I just want to say one word about this decline: panic

10. Support levels are breaking one after another, really can't hold on anymore

GasWaster69 · Answer

Here we go again, this market trend is truly incredible

Thinking of holding at 1.55? I doubt it

Tariff disputes causing disruptions, it all depends on BTC's mood

Liquidity accumulation? Sounds like self-comfort for being trapped

Let's confirm the bottom first, jumping in now is really brave

ContractHunter · Answer

Dropped again, Sui really isn't worth it this time

Bottom at 1.4? I can't bet on that

The tariff issue has caused panic in the entire market, BTC can't even hold up, and you're still expecting Sui?

Accumulating liquidity at low levels... just listen, don't really believe it

Wait until Bitcoin stabilizes, for now it's just a daydream

Sui plummeted 13% to $1.55. Can the key support hold?

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