The SUI worth registered its greatest seven-day efficiency but — in 2025 — over the previous week. Nevertheless, the altcoin has ended the week on the worst attainable word, declining in worth by virtually 5% on Saturday, February fifteenth.
What’s extra worrying is — the downward strain seems to not be subsiding for the SUI token, with additional losses seemingly on the best way. In response to in style crypto analyst Ali Martinez, the value of SUI may very well be on its approach all the way down to round $1.6.
Here’s Why SUI Could Shed Over 50%
In a Feb. 15 put up on the X platform, Martinez shared an fascinating evaluation of the SUI worth, shedding mild on the altcoin’s present bearish setup. This downward prediction relies on the formation of a head-and-shoulders sample on SUI’s 12-hour worth chart.
The top-and-shoulders formation is a sample in technical evaluation marked by three distinct worth crests (swing highs), together with the next “head” between two decrease “shoulders.” This chart formation normally alerts a attainable bearish reversal — a shift from an upward worth pattern to a downtrend.
This pattern reversal is simply legitimate when the value efficiently closes beneath the neckline, which is a trendline connecting the troughs (swing lows) between the top. In the meantime, the value goal is calculated by including the distinction between the swing low (both shoulder) and the swing excessive (the top) to the breakout level.
As highlighted within the chart above, the SUI worth appears to be approaching the neckline across the $3 area. Martinez famous that if the value of SUI efficiently breaches and closes beneath this degree, the altcoin may witness a correction to as little as $1.6. This represents an over 50% decline from the present worth level.
Nevertheless, a profitable worth shut above the appropriate shoulder within the head-and-shoulders formation may invalidate the present bearish setup. Therefore, traders may see the value of SUI resume its resurgence if it returns above the crucial $3.7 degree.
SUI Price Surges 10% In Previous Week
After a blistering begin to the brand new 12 months, reaching a brand new all-time of $5.35 on January 4, 2025, the SUI token has since witnessed a extreme market downturn. The highest-20 cryptocurrency fell to a low of $2.73 in a market-wide correction triggered by new commerce insurance policies of US President Donald Trump.
As of this writing, the SUI worth stands at round $3.4, reflecting a 5% decline previously 24 hours. Nevertheless, the altcoin’s worth is up by almost double-digits (10.6%) within the weekly timeframe, based on knowledge from CoinGecko.
Featured picture from Investopedia, chart from TradingView
