The cryptocurrency market is currently experiencing a downward trend, with prominent player SUI taking a significant hit. After plummeting by over 10% in the last 24 hours, SUI’s price has fallen to $1.80 from its opening price of around $2.04. This drop coincides with the broader crypto market suffering losses across various tokens, including Bitcoin and Ethereum. Daily trading volume for SUI has surged by over 67%, reaching $1.36 billion. The Coinglass platform reports significant liquidations amounting to $5.51 million in SUI during this period. Analysts are wondering if the current bearish trend will continue. 10% of its value is lost, and it’s down by over 6%. This creates uncertainty for traders and investors.