The SUI price registered its best seven-day performance yet in 2025 over the past week. However, the altcoin ended the week on a troubling note, declining in value by nearly 5% on Saturday, February 15th.
More concerning is the downward pressure that appears relentless for the SUI token, with potential further losses expected. Renowned crypto analyst Ali Martinez suggests that the price of SUI could decline to approximately $1.6.
Why SUI Could Experience a 50% Drop
In a post dated February 15 on the X platform, Martinez shared a detailed analysis of the SUI price, shedding light on the altcoin’s current bearish setup. This dire prediction stems from the development of a head-and-shoulders pattern on SUI’s 12-hour price chart.
The head-and-shoulders formation is a notable pattern in technical analysis characterized by three distinct price peaks (swing highs), culminating in a higher ‘head’ situated between two lower ‘shoulders.’ This pattern typically indicates a potential bearish reversal—a transition from an upward trend to a downward one.
This trend reversal becomes valid when the price closes beneath the neckline, the trendline that connects the troughs (swing lows) between the head formation. The price target is determined by adding the difference between the swing low (either shoulder) and the swing high (the head) to the breakout point.
As shown in the chart above, the SUI price is approaching the neckline around the $3 region. Martinez noted that if the price breaches and closes beneath this level, the altcoin could face a correction plummeting to as low as $1.6, indicating an over 50% decline from the current price.
Conversely, a successful close above the right shoulder in the head-and-shoulders pattern could invalidate the current bearish forecast. In such a scenario, investors may witness the price of SUI make a resurgence if it climbs back above the critical $3.7 level.
Recent Price Movement
Following a blistering start to the new year that saw the token reach an all-time high of $5.35 on January 4, 2025, the SUI token has faced a significant market downturn. This top-20 cryptocurrency fell to a low of $2.73 during a market-wide correction initiated by fresh trade policies from U.S. President Donald Trump.
At the time of writing, the SUI price hovers around $3.4, reflecting a 5% decrease over the past 24 hours. However, its value remains up by nearly double digits (10.6%) on the weekly timeline, per data from CoinGecko.
Featured image from Investopedia, chart from TradingView
