Struggling to rebound from the bear trap, the crypto market remains under pressure, with assets deep in the red. Notably, the Fear and Greed Index holds at 35, reflecting widespread fear. The altcoin SUI has plunged by over 7.58%.

SUI has undergone a sharp price drop, falling from its all-time high of $5.35, formed a month ago. The altcoin still faces potential downturns after multiple recovery attempts.

The bulls are lagging behind the required strength, which may extend the consolidation. However, analysts are expecting a breakout that may push the prices higher.

In the early hours, SUI traded on the upside at $3.37, and eventually, the bears pulled back the price toward the $2.92 mark. At the time of writing, SUI trades at $2.92 with its daily trading volume reaching $1.47 billion. Besides, the altcoin has witnessed a 24-hour liquidation of $5.35 million.

Over the last seven days, SUI has lost over 27.81%. This plunge has pushed the altcoin toward the $2.65 level from $3.96. The asset continues to trade on the downside. #SUI🔥 #BitcoinDunyamiz #cryptouniverseofficial