Analyst Says SUI Price Could Fall To $1.6 — Here’s Why

Opeyemi Sule

3 months ago

2 mins read

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The SUI price registered its best seven-day performance yet — in 2025 — over the past week. However, the altcoin has ended the week on the worst possible note, declining in value by almost 5% on Saturday, February 15th.

What’s more worrying is — the downward pressure appears not to be subsiding for the SUI token, with further losses seemingly on the way. According to popular crypto analyst Ali Martinez, the price of SUI could be on its way down to around $1.6.

Here’s Why SUI Could Shed Over 50%

In a Feb. 15 post on the X platform, Martinez shared an interesting analysis of the SUI price, shedding light on the altcoin’s current bearish setup. This downward prediction is based on the formation of a head-and-shoulders pattern on SUI’s 12-hour price chart.

The head-and-shoulders formation is a pattern in technical analysis marked by three distinct price crests (swing highs), including a higher “head” between two lower “shoulders.” This chart formation usually signals a possible bearish reversal — a shift from an upward price trend to a downtrend.

This trend reversal is only valid when the price successfully closes beneath the neckline, which is a trendline connecting the troughs (swing lows) between the head. Meanwhile, the price target is calculated by adding the difference between the swing low (either shoulder) and the swing high (the head) to the breakout point.

As highlighted in the chart above, the SUI price seems to be approaching the neckline around the $3 region. Martinez noted that if the price of SUI successfully breaches and closes beneath this level, the altcoin could witness a correction to as low as $1.6. This represents an over 50% decline from the current price point.

However, a successful price close above the right shoulder in the head-and-shoulders formation could invalidate the current bearish setup. Hence, investors could see the price of SUI resume its resurgence if it returns above the critical $3.7 level.

SUI Price Surges 10% In Past Week

After a blistering start to the new year, reaching a new all-time of $5.35 on January 4, 2025, the SUI token has since witnessed a severe market downturn. The top-20 cryptocurrency fell to a low of $2.73 in a market-wide correction triggered by new trade policies of US President Donald Trump.

As of this writing, the SUI price stands at around $3.4, reflecting a 5% decline in the past 24 hours. However, the altcoin’s value is up by nearly double-digits (10.6%) in the weekly timeframe, according to data from CoinGecko.

Featured image from Investopedia, chart from TradingView

Opeyemi Sule

Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies.

Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi’s favorite part - in fact, far from it.

Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. “This emphasizes the intricacies of blockchain technology and the cryptocurrency market,” he would say. Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger.

When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi’s Spotify Daily Mix.

Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books - ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K.
Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that.

Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi’s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings.

Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time - he believes that “whatever is worth doing at all is worth doing well.” Hence, you will always find him striving to be better.

Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon - cryptocurrency. He goes to bed every day with a smile of satisfaction on his face, knowing that he has done his bit of the holy assignment - spreading the crypto gospel to the rest of the world.

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