The SUI token experienced a 7% dip in its price amid a broader bullish reversal in the crypto market, with Bitcoin reaching a peak of $66,000. Despite momentarily achieving a new all-time high of $2.3661, the SUI token could potentially crash to $2.
This downturn is happening despite the recent positive momentum in the market, which can be attributed to a lack of sustained bullish pressure, causing minor pullbacks for certain altcoins like SUI.
While the crypto market shows signs of recovery, the SUI token's inability to maintain its peak highlights the volatility that investors may need to consider when trading altcoins.