2026-01-17 04:34:04

SUI Price Under Pressure—Could $1.67 Be Next?

SUI has lost steam lately, dropping 3.07% over the past day while the broader market holds steadier. Here's what's weighing on it:

Network troubles hit hard. A 6-hour mainnet outage last week eroded trader confidence and left the project scrambling to manage narrative damage.

Technically, things look shaky. The coin broke through the $1.81 support level, triggering a wave of selling pressure that still hasn't fully played out. If momentum continues downward, $1.67 becomes the next critical floor worth watching.

Market dynamics aren't helping either. Bitcoin dominance is now sitting at 59%, meaning capital's rotating away from altcoins into BTC and stablecoins. When BTC eats up that much market share, smaller projects like SUI naturally feel the squeeze.

SUI-0.77%

BTC-2.58%

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GateUser-00be86fc

· 01-19 21:25

It dropped again... The 6-hour downtime directly broke the support level, this move is a bit outrageous.

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HodlVeteran

· 01-18 04:06

The network crash was really clever, directly giving SUI a free drop operation. That's how I lost money back in the day during various failures... Once it breaks at 1.81, you know there's more to fall, wait and see at 1.67, this is fate [dog head]

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GetRichLeek

· 01-17 05:04

Wow, the mainnet outage really messed things up. I was still holding on at 1.8, and now it's directly sliding to 1.67... Bitcoin has taken 59% of the traffic, what else can small tokens like ours do?

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WhaleMistaker

· 01-17 04:45

Network outages really hurt morale; SUI still needs to prove itself again.

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NFT_Therapy

· 01-17 04:42

Another dead supporter... SUI is really hard to support.

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GhostAddressHunter

· 01-17 04:42

The mainnet outage really hurts the project; confidence is gone in an instant. SUI dropped again? I heard it broke through 1.81... Will 1.67 really become the bottom? Bitcoin is such a bloodsucker; where's the hope for small-cap coins? If support breaks, you have to run; otherwise, what are you waiting for? This downward pressure probably won't be over so quickly; continue to watch the trend.

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OffchainOracle

· 01-17 04:38

Sui has dropped again? The network crash really shattered confidence. If it goes down this time, 1.67 probably won't hold.

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