SUI Faces 24.74% Decline Amid US-China Economic Tensions
Amid economic tensions between the US and China, Sui (SUI) and other cryptocurrencies have seen significant price declines. Investors are shifting to stable assets.
SUI’s Potential Path
- Market analyst Ali Martinez suggests SUI may achieve a new all-time high by 2025.
- SUI is forming a symmetrical triangle pattern on its daily chart, indicating potential for a breakout.
- A confirmed breakout above $3.59 could lead to resistance at $4.25, $5.28, and possibly $7.00.
- Failure to break out could see SUI fall below $3.18, risking further declines to $2.82 or $2.44.
SUI Market Overview
- SUI current trading price: $2.67, with a 24.74% decline in the last 24 hours.
- Trading volume increased by 295%, showing heightened market reaction.
- Overall, SUI has decreased by 27.85% over the past week.
- The broader crypto market fell by 9.75% after the US announced a 100% tariff on Chinese goods.
