SUI has experienced a significant drop, plunging over 14% to trade around $1.84 as the crypto market faces a sell-off triggered by global tariffs imposed by Donald Trump. Bitcoin and Ethereum have also taken a hit, with Bitcoin falling toward $77,100 and Ethereum trading at around $1,400. Notably, SUI has experienced the steepest decline among major assets, exceeding 14% in just one day. Trading activity for the asset surged by over 246%, showcasing a notable rise in buying and selling activity. While the current price is hovering around $1.84, this significant drop raises questions: Is it a panic sell-off or merely a correction within the broader market? 100 million dollars were liquidated overnight as per Coinglass data. SUI’s bearish trajectory may push its price towards crucial support zones between $1.78 and $1.49. If the downward trend continues, SUI could potentially reach even more uncharted territory. However, if a bullish reversal occurs, there’s potential for SUI to rebound and even break through resistance levels at $1.88. The Moving Average Convergence Divergence (MACD) line and signal line have both crossed below the zero line, suggesting an enduring bearish trend. Additionally, indicators like Chaikin Money Flow (CMF) and RSI suggest a further price decline in the near term. This downturn is notable considering the significant surge in daily trading volume for SUI – reaching $1.5 billion. It’s worth noting that this article offers an analysis of market trends based on publicly available data and does not constitute any form of financial advice. The authors encourage readers to conduct their own research before making investment decisions.