Journalist Posted: February 10, 2026 Sui [SUI] has shed double-digit percentages on the price charts over the past week. It was part of a broader market meltdown as Bitcoin [BTC] raced south to $60k last week. The subsequent bounce to $72k has begun to reverse already though, negatively affecting the altcoin market once again. SUI was no exception, with the selling pressure beginning to tell. Across the lower timeframes, the $1 psychological round number resistance was not overcome over the weekend. The latest slide below the local $0.965 support zone was a sign that bears were ready for the next price move south. Assessing the long-term SUI trend As it stands there is no questioning the long-term downtrend of SUI . The inability to convincingly crack the May 2025 highs at $4.3 resulted in a swing failure pattern at the same highs in late July. Thereafter, the altcoin made a series of lower lows. By the end of October, hastened by the month’s sell-off and fear, the swing structure flipped bearishly. Source: SUI/USDT on TradingView The early January rally was halted at $2, once again reinforcing the importance of round number resistances for this altcoin. The selling pressure since then has been hefty. The CMF on the daily chart has been below -0.05 for the past three weeks too, showcasing sizeable capital outflows. Rejection at $1 illuminates the next move Source: SUI/USDT on TradingView The 4-hour chart revealed that $1.02 was the 61.8% retracement. Monday’s losses shifted the internal SUI price structure bearishly. This meant that the longer-term bearish trend was ready to resume once more. A move back above $1.02 would be a warning sign to cut losses. A rally beyond the local high at $1.16 would invalidate the bearish idea. As things stand, this outcome seemed to be unlikely. Traders’ call to action – Sell The local lows at $0.788 are the current downtrend’s price targets, with $0.70 as the next extension target. Traders will need to keep an eye on Bitcoin . BTC has the potential to bounce beyond $72k to hunt down short liquidations . This could ruin Sui short sellers’ plans and introduce high price volatility. Final Thoughts SUI’s long-term trend has been bearish, and the loss of the psychological $1-level indicated a trend continuation. Rejection at the same $1-level over the last 48 hours allowed traders to take short positions. Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Akashnath S is a Senior Journalist and Technical Analysis expert at AMBCrypto. He specializes in dissecting price action, identifying key market trends through advanced chart patterns, and forecasting both short-term and long-term asset trajectories. His distinct analytical method is grounded in his academic training as a Chemical Engineer. This background provides him with a systematic, process-oriented approach to market data, enabling him to analyze the complex dynamics of financial markets with precision and objectivity. Having actively covered the cryptocurrency space since the landmark 2017 market cycle, Akashnath possesses years of experience navigating both bull and bear markets. This seasoned perspective is critical to his insightful reporting on market volatility and evolution. As an active market participant, Akashnath enhances his analysis with crucial, hands-on experience. This practical application of his technical skills ensures his insights are not merely theoretical, but are also relevant and actionable for an audience looking to understand and navigate trading opportunities. He is dedicated to educating readers on the nuances of technical analysis, empowering them with the knowledge to make more informed financial decisions.