The cryptocurrency market recently faced a correction when Bitcoin's price fell below $67,000, leading to a significant drop in overall market valuation. This downturn has affected several altcoins, including Sui, which saw its price slip by 23%.
The altcoin market experienced notable declines as major tokens broke their key support levels, adding to the market's volatility. Sui's price drop is prompting discussions on whether this is a temporary dip or a precursor to a potential rally.
Investors are particularly keen on understanding if Sui can regain its momentum, projecting a possible rise towards $3 amid the chaotic market environment. This scenario is being monitored closely for indications of a rebound or further losses.
